India is in talks with Saudi Arabia to store its oil in storage facilities in Padur, south India, said the country’s petroleum minister on Monday.
Last week, India approved a plan to allow foreign oil companies to store oil in the Padur strategic petroleum reserve.
Petroleum Minister Dharmendra Pradhan spoke to Reuters at an oil conference in Abu Dhabi. Read More
Latest posts by Livemint (see all)
- Reliance, Aramco and the ghost of OPEC - April 19, 2019
- Mahindra Susten looks to sell around 160MW of solar power assets - April 18, 2019
- India needs to fix weak exports as oil poses risk for trade deficit - April 17, 2019