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The government-run Indian Strategic Petroleum Reserves Limited (ISPRL) has created storage facilities in three caverns in Visakhapatnam, Mangaluru and Padur (near Udupi).(HT Photo)

5 million tonnes of India’s oil reserves lie uninsured

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON JUN 16, 2019 08:45 AM IST
Global reinsurers are unwilling to provide cover for 5 million tonnes of oil which includes supplies from Iran fearing adverse action against them for breaching American sanctions on Tehran..
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