State-run ONGC is set to develop a strategic oil reserve facility in Mangaluru, according to reports from The Economic Times and Times of India. Both outlets state that the project involves establishing strategic storage capacity at Mangaluru and identify the reserve’s size as 1.7 million tonnes (MT). The initiative is described as part of broader efforts to build or strengthen strategic petroleum reserves, which are typically intended to help the country manage supply disruptions and energy security risks. The reporting does not provide additional details such as the project timeline, financing structure, commissioning schedule, or operational ownership beyond ONGC’s role in developing the facility. Nor do the sources specify whether the stored product will be crude oil or another oil category. Overall, the consistent points across both articles are ONGC’s involvement, the location in Mangaluru, and the stated planned capacity of 1.7 MT for the strategic reserve.