NEW DELHI (AFX) – The government said it will boost its crude oil reserve to 45 days to meet contingencies should world crises, such as a war in Iraq, disrupt its life-line petroleum imports. India currently has a crude storage capacity of 19 days. Petroleum minister Ram Naik said this recently after a closed-door meeting…
INDIA: Strategic crude oil reserves boosted to 45 days in case of crises
Posted on February 17, 2003 by EnergyAsia