Rajnish Optimist 145 Questions 255 Answers 237 Best Answers 1k Points View Profile Rajnish Asked: October 29, 20202020-10-29T20:13:12+05:30 2020-10-29T20:13:12+05:30In: UPSC PRELIMS What are strategic petroleum reserves (SPR)? Describe strategic petroleum reserves (SPR)? economicsspr Share Facebook 1 Answer Recent Sweety Stay Original. 142 Questions 116 Answers 102 Best Answers 783 Points View Profile Best Answer Sweety Stay Original. 2020-10-30T08:59:42+05:30Added an answer on October 30, 2020 at 8:59 am A strategic petroleum reserve(SPR) are essentially huge stockpiles of crude oil. It is the world’s largest supply of emergency crude oil to tide over severe supply shocks of this critical fuel. More about SPR: It was set up primarily to minimise the effects of disruptions in the supply of petroleum products and to fulfil US obligations under the international energy programme. As per the March 2001 agreement, all 30 members of the International Energy Agency must have a strategic reserve of petroleum for their respective countries equal to 90 days of the previous year’s net oil imports. 1 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer. Related Questions Tell us about the Global Gender Gap Report 2021. Tell us about the Global Hunger Index 2020.