Proven reserve: 9,000,000,000 billion barrels
India has begun the development of a strategic crude oil reserve sized at 37,400,000 barrels, enough for two weeks of consumption.
On December 21, 2011, it was announced that India planned to greatly augment their crude reserve capacity to 132 million barrels by 2020, a senior oil ministry official stated.
Petroleum stocks have been transferred from the Indian Oil Corporation to the Oil Industry Development Board.
The OIDB then created the Indian Strategic Petroleum Reserves Ltd to serve as the controlling government agency for the strategic reserve.
The facilities are:
Mangalore, State of Karnataka.
Padur village, Udipi in the state of Karnataka
Visakhapatnam, Andhra Pradesh