India to fill its strategic petroleum reserves with own money to make the most of cheap oilQuestion, does India have a National Strategic Oil reserve like the US does? IF so what is the capacity?
5.3 million tons seems low, 9 days is't much. Perhaps we need atleast 30 days?India to fill its strategic petroleum reserves with own money to make the most of cheap oil
The government wanted foreign producers to fill more oil in strategic reserves. It had also signed separate initial pacts with ADNOC and Saudi Aramco to explore filling up cavern at Padur but talks didnt make much progress as foreign companies demanded more incentives.economictimes.indiatimes.com
well this is what is what is known capacity ..