The Abu Dhabi National Oil Company (ADNOC) is expected to fill up storage tanks that it has contracted from the Indian government in the first week of November, senior Indian oil officials said on Friday.
ADNOC has so far filled two-thirds of the 5.86 million barrels of tank capacity at the Mangalore Strategic Petroleum Reserves (SPR) facility with Das crude, they said.
“The third VLCC (Very Large Crude Carrier) will arrive next week,” Sunjay Sudhir, joint secretary of international cooperation at India’s Ministry of Petroleum & Natural Gas, told reporters.
ADNOC is able to access the storage and sell a portion of the crude to Indian refiners under a 7-year deal with the Indian government, he said. Read More
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