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India may store crude oil in the US along with other foreign countries

September 30, 2020 By Shivanee Thote
Image source: Google

India is looking to store the oil in the US. Dharmendra Pradhan, Oil Minister, has told that India is exploring overseas crude storage facilities in the US and other commercially viable locations.

Pradhan further added in his statement that the government saved ₹5000 crores by filling existing underground strategic storages at low prices in April and May and moreover, India bought 101.4 million tonnes of crude oil during April 2019-March 2020.

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News source: Financial Express

Update by Srijita Ghosh

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