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West Asia on the boil

West Asia on the boil
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India To Build First Commercial Crude Oil Strategic Storage -

(TH) Indian Strategic Petroleum Reserves Ltd (ISPRL), a special purpose vehicle created by the government for building and operating strategic petroleum reserves in the country, has invited bids for constructing 2.5 million tonnes of underground storage at Padur in Karnataka, according to the tender document. ISPRL had in the first phase built a strategic petroleum…

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Asia Fuel Oil-Margins post weekly losses as abundant supplies weigh | Hellenic Shipping News Worldwide

Asia Fuel Oil-Margins post weekly losses as abundant supplies weigh | Hellenic Shipping News Worldwide
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India to build 1st commercial crude oil strategic reserve

India to build 1st commercial crude oil strategic reserve
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crude oil | Oil prices extend gains as investors worried about supply disruptions from worsening geopolitical landscape

crude oil | Oil prices extend gains as investors worried about supply disruptions from worsening geopolitical landscape
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India aims for 1st strategic petroleum reserve with pvt company by 2029-30 – Indian Defence Research Wing

India aims for 1st strategic petroleum reserve with pvt company by 2029-30 – Indian Defence Research Wing
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Asia Fuel Oil-Spot markets hold in discounts; inventories dip slightly | Hellenic Shipping News Worldwide

Asia Fuel Oil-Spot markets hold in discounts; inventories dip slightly | Hellenic Shipping News Worldwide
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India to build first commercial crude oil strategic storage

India plans to build its first commercial crude oil storage at Padur, Karnataka, with 2.5 million tonnes capacity. The project under ISPRL will be operated in a PPP model, with India retaining emergency oil usage rights. Deadline for bids is April 22.

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India aims for first strategic petroleum reserve with a private company by 2029/30

India plans to build its
first privately managed strategic petroleum reserve by
2029-30, granting the operator the freedom to trade all of the
stored oil, the chief executive of Indian Strategic...
-April 03, 2024 at 09:20 am EDT
- MarketScreener

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petrol prices: India aims for first strategic petroleum reserve with a private company by 2029-30

India is aiming to establish its first privately managed strategic petroleum reserve (SPR) by 2029-30, allowing the operator to trade all stored oil, according to the chief executive of Indian Strategic Petroleum Reserves Ltd (ISPRL). This move mirrors models adopted by countries like Japan and South Korea, where private lessees, often oil majors, are permitted to trade the crude.

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