Middle East Economic Survey
VOL. XLIX
No 3
16-January-2006
REGIONAL
India Approves Plan To Build Strategic Oil Reserve
India has approved long-delayed plans to construct a strategic oil reserve by 2015 that will hold 5mn tons (37mn barrels) of oil representing around 15 days of forward cover at present consumption rates. Storage facilities will be constructed in three locations at a cost of some $2.5bn and will be completed by 2015. The project will enhance the energy security of the country,...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!