Indian Oil Minister Dharmendra Pradhan said ADNOC and KPC have expressed an interest in storing around 14.7 million barrels of oil, in a deal that includes an option for India to use the oil as a strategic reserve. The amount is enough to meet India’s domestic demand for 10 days in case of supply disruption.
The facility, being built in Andhra Pradesh and Karnataka, will store around 39 million barrels to increase India’s strategic supplies and are part of a larger programme of storage construction around the country of 1.27 billion people who consume XX barrels per day.
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