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VERIFIEDMint Industry·neutral
In a first, ONGC tapped to fund ₹15,000 crore strategic oil reserve in Mangaluru amid Iran war woes
AI Summary
- ·ONGC has been selected to fund a ₹15,000 crore strategic oil reserve in Mangaluru.
- ·The reserve will be an underground cavern with a storage capacity of 1.75 million metric tonnes.
- ·This initiative is being undertaken amidst concerns related to the Iran war.