India to issue $1 billion tender for crude reserves
after close1 source ↓written by the desknot a recommendation
- global tender
- $1 billion
- strategic petroleum reserve
- 4-million-tonne
India is set to float a $1 billion global tender for a 4-million-tonne strategic petroleum reserve at Chandikhol, Odisha, by the end of April. This initiative comes amid heightened urgency due to the ongoing West Asia war and energy supply disruptions. Additionally, the project at Padur, Karnataka, is also advancing.
This move may enhance India's energy security and stabilize supply chains, impacting energy sector dynamics significantly.
Not investment advice. For informational purposes only.