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Odisha oil reserve faces further delays as UAE seeks pact on crude sales

2 weeks ago 12

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Home / Industry / News / Odisha oil reserve faces further delays as UAE seeks pact on crude sales

The ₹8,743 cr Chandikhol SPR was among two projects cleared by the Union Cabinet in 2018

Strategic Petroleum Reserve, SPR, Chandikhol, Odisha, ISPRL, ADNOC, UAE, crude oil, crude oil reserves, India oil security, West Asia crisis, petroleum reserves, IOC, Indian Oil Corporation, Paradip refinery, energy security, oil supply disruption, M

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The delay comes as the estimated cost of the project is expected to exceed ₹10,000 crore, significantly above the initial estimate of ₹8,743 crore prepared in 2021-22

Hemant Kumar Rout Bhubaneswar

5 min read

Last Updated :

Oct 12 2026 | 11:24 PM

IST

Amid persistent concerns over crude oil supply disruptions due to the West Asia crisis, the proposed Strategic Petroleum Reserve (SPR) in Odisha may face further delay as India and the United Arab Emirates (UAE) are yet to firm up the commercial structure of their collaboration.

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