India will make a provision in the Budget to fill up strategic reserves for crude, taking advantage of the falling global oil prices. The fall in oil prices to their lowest level in six years will help Finance Minister Arun Jaitley reap a fiscal windfall of billions of dollars when he presents his first annual Budget. India, the world´s No 4 crude consumer, is building storage facilities at three locations in the south of the country to hold a total 36.87 million barrels of oil.
FlashNews:
Centre, Assam, Nagaland Sign Tripartite MoU to Unlock Border Hydrocarbons
DHL Group Expands New Energy Logistics Amid Global Supply Shifts
IN‑SPACe Funds Three Startups to Propel Indigenous Space Innovation
AM/NS India, IIT Roorkee Forge Strategic Pact for Manufacturing Innovation
Second Heavy Haul Seminar 2026 Charts Future of Rail Freight
Delhi Airport Transfer Traffic Hits 27%, Reinforces Hub Status
CleanMax-GACL Seal Gujarat’s Largest Hybrid RE Partnership for Industrial Decarbonisation
Atlanta Electricals Wins ₹2.85 Billion PSTCL Transformer Order
ULCCS Model Gains Global Spotlight at UN Symposium
India Clears ₹100 Billion ATF Stabilisation Package Amid West Asia Crisis
Chasing 70 GW Ambition, Suzlon 2.0 Re‑invents Wind for Energy Transition
Digi Yatra Crosses 100 Million Journeys, Expands Seamless Travel Across 38 Airports
AM/NS India Wins First PM‑SETU Approval, as Andhra Pradesh Leads ITI Transformation
NHAI Finalises Highway Monetisation Plan for FY2026‑27
Sonowal Launches Port Performance Index, Digital Maritime Reforms to Boost Competitiveness
MGL and Fourth Partner Energy Ink MoU for Clean Energy Push
IGIA Deploys SKYCAST, India’s First Next‑Gen All‑Weather Station to Boost Aviation Safety
REC Signs MoU with ERDA to Strengthen Quality Assurance under RDSS
SEIL Energy India Hosts South India’s First C&I Conference
Home » India to build up oil reserves
India to build up oil reserves
Oil & Gas
February 1, 2015February 1, 2015
Leave a Reply
You must be logged in to post a comment.