(EnergyAsia, March 29) — The Indian government is trying to reclaim the right to manage the country’s proposed strategic crude oil reserves from state-owned Indian Oil Corp (IOC). The government has created the Oil Industry Development Board (OIDB) to take over the Indian Strategic Petroleum Reserves Ltd (ISPRL), a special purpose vehicle company created by…
INDIA: New Delhi could take over management of strategic oil reserves from Indian Oil Corp
Posted on March 29, 2006 by EnergyAsia