International Energy Agency (IEA)

The IEA is a Paris-based intergovernmental organisation established in 1974 following the oil crisis, initially as an autonomous body under the OECD framework. It coordinates energy policy among member states and maintains strategic oil reserves. Membership requires holding at least 90 days of net oil import reserves. India became an IEA Associate member in 2017 and a full member is a long-term goal, but India currently holds reserves for only about 74 days through its Strategic Petroleum Reserve (SPR) at Vizag, Mangalore, and Padur (total capacity 5.33 MMT).