NEW DELHI: India has offered º£½ÇÖ±²¥ a stake in the second phase of the south Asian nation’s yet-to-be-built strategic oil reserves, Oil Minister Dharmendra Pradhan said in New Delhi on Friday.
The government also discussed with º£½ÇÖ±²¥ investment opportunities in a proposed oil refinery with 1.2 million barrels per day of capacity on the west coast of India and a petrochemicals project in the south of India, Pradhan said.
Pradhan said India has sought reasonable oil prices from º£½ÇÖ±²¥ that will make crude economical to Indian state-owned refineries without hurting the ‘interest’ of º£½ÇÖ±²¥.
India offers º£½ÇÖ±²¥ stake in second phase of strategic oil reserve
Updated 23 February 2018
India offers º£½ÇÖ±²¥ stake in second phase of strategic oil reserve
