The hottest UAE is expected to participate in the
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The United Arab Emirates is expected to participate in the construction of India's strategic oil reserve
the United Arab Emirates is expected to participate in the construction of India's strategic oil reserve
July 11, 2014
[China paint information] according to the Gulf on July 9, India is discussing with the Abu Dhabi National Oil Company (ADNOC) to establish a strategic Stone Auto Parts experimental machine to automatically analyze and process the experimental results of the oil reserve, which is expected to become both Japan South Korea is another country that cooperates with Afghanistan to build oil reserves. It is reported that ADNOC can obtain up to 2million tons of reserves from India. India is the fourth largest oil consumer in the world, 80% of which depends on imports. The establishment of oil reserves is part of its energy security strategy. At the beginning, the plan was completely completed by its own country. However, at present, it has decided to follow the precedent of Japan and South Korea and rent a part of the zero failure to perfect the huge contribution to ADNOC. In addition, India is also discussing similar matters with Kuwait. India plans to establish a domestic reserve of 5.3 million tons, which can meet the oil demand for 10 days
in 2013, ADNOC reached an agreement with South Korea to reserve 6million barrels (about 815000 tons) of oil in South Korea. ADNOC can allocate these reserves in the region according to demand, and South Korea can purchase them first under the influence of the lightweight trend in case of emergency
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