India Eyes Two New Sites To Expand Strategic Oil Reserves

India Eyes Two New Sites To Expand Strategic Oil Reserves By Tsvetana Paraskova of OilPrice.com State-controlled Indian Strategic Petroleum Reserves Ltd (ISPRL) is finalizing feasibility studies for two new strategic petroleum reserves facilities as the world’s third-largest crude oil importer looks to boost its energy security. ISPRL, a government-owned special purpose vehicle, is finalizing a feasibility study for a facility at Bikaner in the state of Rajasthan in northwest...

By Tyler Durden