Reuters first to report India starts selling oil from strategic reserves after policy shift - Reuters News Agency
Environment

Reuters first to report India starts selling oil from strategic reserves after policy shift

Reuters broke the news that India has begun selling oil from its Strategic Petroleum Reserve (SPR) to state-run refiners as it implements a new policy to commercialize its federal storage by leasing out space. India is gradually releasing 8 million barrels from the SPRs after last month changing its policy to allow it to lease 30% of its overall 37 million barrels capacity to Indian and foreign companies.

Article Tags
Topics of Interest: Environment
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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