India hopes Abu Dhabi National Oil Company (ADNOC) will send the first shipment of crude oil to fill the country’s 0.75 million tonnes strategic petroleum reserve at Mangalore starting in May, Oil Minister Dharmendra Pradhan said in New Delhi on Tuesday.
ADNOC has indicated its oil consignments are booked for the next two months, Pradhan said, adding that the first consignment should arrive by May.
Pradhan was announcing the purchase of a 10 percent stake in ADNOC’s offshore oil concession by a consortium led by India’s Oil and Natural Gas Corp. Read More…
Latest posts by The Economic Times (see all)
- Eastern Peripheral Expressway Is Almost Getting Ready - April 21, 2018
- Talk Of Oil At $100 Exaggeration As Of Now: A Prasanna, ICICI Securities - April 20, 2018
- RBI policy surprised more than minutes of MPC: Jahangir Aziz - April 20, 2018