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India talks of national oil reserve

Reports have emerged of India's plans to establish a strategic oil reserve for the country, given...

Indian Oil Minister, Ram Naik, is reported to have said India may seek US help in establishing the oil reserve which is planned to sustain the country for 45 days in the event of war.

It is said to cost around A$1.4 billion to fund the reserve. India is Asia's third largest energy consumer.

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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