NEW DELHI (AFX-ASIA) – Prime Minister Atal Behari Vajpayee said India is considering creating strategic oil reserves to counter potential disturbances in supplies of crude oil, particularly from the Middle East. “Crude oil prices may shoot up if tensions in West Asia (the Middle East) rise, leading to a prolonged shortage of supplies in the…
INDIA: PM says may create oil buffer reserves
Posted on January 21, 2003 by EnergyAsia