Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE to Help Boost India s 5.03 MMT Strategic Oil Storage  Join our daily free Newsletter

MENAFN - Qatar News Agency - 06/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) A UAE move will boost India's ambitious project of establishing 5.03 million metric tonnes (MMT) strategic crude oil storages, a top Indian diplomat said.



The UAE's commitment has come at the right time as the first part of the Rs24 billion (Dh 1.43 billion) project has been completed recently, T. P Seetharam, the Indian Ambassador to the UAE, said, reported Gulf New



He said the decision on petroleum reserve in India will benefit both nations' energy securit



Idia decided to set up the strategic crude oil storages at three locations in South India Visakhapatnam, Mangalore and Padur (near Udupi) to ensure energy securit




These strategic storages would be in addition to India's existing storages of crude oil and petroleum products with the oil companies and would serve as a cushion in response to external supply disruptions, according to Indian Strategic Petroleum Reserves Limited (ISPRL), a Special Purpose Vehicle, owned by India's Oil Industry Development Board (OIDB)

 


Qatar News Agency




  MENA News Headlines
 Jun 28 2016 - Egypt's public enterprises reach USD16bnMENAFN
(MENAFN) Industrial production of public sector enterprises posted USD16bn in financial year 2014/15 against USD 15.64bn a year earlier, making 0.7 percent increase.Accordingly, the net added value ...

 Jun 28 2016 - Abu Dhabi-Masdar aims to raise USD800mn for solar projectMENAFN
(MENAFN) Abu Dhabi's Masdar plans to raise an USD800mn loan in order to help fund the building of the 800 MW third phase of Dubai's solar park.Additionally, the group also involves Spanish firms ...

 Jun 28 2016 - Dubai's DWTC events add USD3.26bn to GDPMENAFN
(MENAFN) Dubai World Trade Center events (DWTC) added USD3.26bn to its GDP last year, which supported more than 80,400 jobs.Moreover, the center expects to continue to keep the momentum going in ...

 Jun 28 2016 -  IIFA kicks off with sun and style in MadridMuscat Daily
(MENAFN - Muscat Daily) The 17th edition of the Videocon D2H IIFA Weekend and the NEXA IIFA Awards powered by LeEcobegan the festivities in Madrid, Spain.
 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help