"Under Phase II Strategic Petroleum Reserves Programme construction of two new commercial-cum-strategic petroleum reserves of 6.5 MMT have been approved," the Indian government said in an internal document, adding that "Saudi Arabia s Aramco can be invited to participate in the Phase II."
India wants Saudi Aramco to develop strategic petroleum reserve as ties strengthen – Indian Defence Research Wing idrw.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from idrw.org Daily Mail and Mail on Sunday newspapers.
India wants Saudi Arabia s
Aramco to participate in its planned 6.5 million metric tons strategic petroleum reserve programme as the South
Asian nation wants to strengthen ties with its key oil.
India is seeking Saudi Arabia s Aramco to participate in its strategic petroleum reserve (SPR) program to strengthen ties with its key oil supplier. India has approved the construction of two new commercial-cum-strategic petroleum reserves of 6.5 million metric tons (MMT) and Aramco can be invited to participate. India has conducted road shows for the second phase of its SPR program, with interest from companies