India's plan to build strategic oil reserves will help offset price volatillity Date: Saturday, September 30 @ 06:06:47 PDT Topic: Public Policy; Political and Legal News
India's plans to build strategic oil reserves will help the country offset future volatility in global crude prices, a top petroleum ministry official said Friday.
India aims to build at least three oil reserves that would hold about 5 million tons of crude oil, with work on the first such facility starting early next year.
