<span style="color: #222222;">Minister of State for Petroleum and Natural Gas Rameswar Teli has said that the current capacity of Strategic Petroleum Reserves SPR facilities established in the country is 5.33 Million Metric Tonnes.<br />''<br />'' In a written reply in the Rajya Sabha on Monday, Mr Teli said, it is estimated to provide for about 9.5 days of crude oil requirement.  He said, in addition, the storage capacity of crude oil and petroleum products available with Oil Marketing Companies can provide an estimated stock of 77 days including the capacity of SPR, based on the net oil imports from April-December 2022.<br />''<br />''The Minister informed that various long term and short term policy initiatives have been undertaken to increase the production of oil and gas and to reduce import dependency. <br />''<br />''It include Discovered Small Field Policy-2015, Hydrocarbon Exploration and Licensing Policy 2016, Policy framework for Exploration and exploitation of Coal Bed Methane, Early Monetization of existing Discoveries, Revival of sick wells, Redevelopment of existing matured fields and development of new fields or marginal fields, etc. He said, a National Data Repository for strengthening geo-scientific database of the country and facilitate exploration and production data access to investors or institutions has also been established.</span><br />