CCEA gives approval stocking low priced oil

CCEA gives approval to Rs. 3,874 crore spending on stocking low priced oil

The Cabinet Committee on Economic Affairs has given ex facto approval to Rs. 3,874 crore spending on stocking low priced oil in India’s three strategic underground crude oil storages. It also allowed Abu Dhabi National Oil Co, which has hired a part of the strategic storage, to trade the stocked oil. India saved over Rs. …

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