(EnergyAsia, May 10) — New Delhi is taking direct management control of the country’s strategic petroleum reserves (SPRs). One important element is the transfer by Indian Oil Corp (IOC) of its equity in Indian Strategic Petroleum Reserves Ltd (ISPRL) to the Oil Industry Development Board (OIDB). The move is aimed at facilitating funding for…
INDIA: New Delhi to take control of strategic petroleum reserves management
Posted on May 10, 2006 by EnergyAsia