Search For "strategic petroleum reserve"
US announces first sale of 18mn barrels from strategic oil reserve to redu
Updated : 4 years, 5 months ago IST
Washington [US], December 11 (ANI/Sputnik): The Energy Department announced the first sale of 18 million barrels of oil from the US Strategic Petroleum Reserve (SPR) aimed at reducing pump prices of fuel that had hit seven-year highs and raised inflation woes.
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Pakistan cedes strategic pipeline contract to China to repay mountain of d
Updated : 4 years, 5 months ago IST
Islamabad [Pakistan], December 3 (ANI): Pakistan has started ceding important projects to Beijing as a way out to repay the mountain of debt arising out of Chinese loans as the Imran Khan government recently awarded the contract for the construction of 3,021 km of the strategic crude oil pip
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Country saved Rs 5,000 cr by taking advantage of low crude oil prices in A
Updated : 5 years, 8 months ago IST
New Delhi [India], September 29 (ANI): Union Minister for Petroleum and Natural Gas and Steel Dharmendra Pradhan on Tuesday said that the country saved Rs 5,000 crore by taking advantage of low crude oil prices in April and May this year to fill the existing strategic petroleum reserves.
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US looking to store several hundred million barrels of oil in strategic re
Updated : 6 years ago IST
Washington [US], April 30 (Sputnik/ANI): US Treasury Secretary Steven Mnuchin said during remarks at White House that the United States is looking into storing an additional several hundred million barrels of oil in the nation's Strategic Petroleum Reserve.
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Will add 75 million barrels to nation's strategic petroleum reserve, says
Updated : 6 years, 1 month ago IST
Washington D.C. [USA], April 21 (ANI): United States President Donald Trump on Monday said that he is planning to add as much as 75 million barrels of oil to the nation's strategic petroleum reserve as the oil prices crashed due to the coronavirus pandemic.
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Looking forward to Aramco's participation in India Strategic Petroleum Res
Updated : 6 years, 7 months ago IST
Riyadh [Saudi Arabia], Oct 29 (ANI): Asserting that India and Saudi Arabia are moving towards a "closer strategic partnership" from a purely "buyer-seller" relationship, Prime Minister Narendra Modi said the country is looking forward to Saudi Aramco participation in New Delhi's Strategic
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Oil prices surge after attack on Saudi facilities disrupts global supply
Updated : 6 years, 8 months ago IST
Doha [Qatar], Sep 16 (ANI): Oil prices surged more than 15 per cent to their highest level in nearly four months after an attack on Saudi Arabia's oil facilities that knocked out more than five per cent of global oil supply.
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Cabinet nods setting up of petroleum reserves in Odisha, Karnataka
Updated : 2 years, 7 months ago IST
New Delhi [India], June 27 (ANI): The Union Cabinet on Wednesday approved the proposal for building additional 6.5 Million Metric Tonne (MMT) Strategic Petroleum Reserves in Odisha and Karnataka.
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ADNOC supplies first oil cargo vessel to India
Updated : 8 years ago IST
Abu Dhabi [UAE], May 12 (ANI): The Abu Dhabi National Oil Company (ADNOC) on Friday sent the first cargo vessel with two million barrels of crude oil for India's strategic petroleum reserve (SPR).
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Trump plans to sell half of 'emergency' U.S. oil reserve
Updated : 8 years, 9 months ago IST
New York [U.S.], May 28 (ANI): President Donald Trump's proposal to sell nearly half of the U.S. emergency oil stockpile has sparked an intense debate about whether the Strategic Petroleum Reserve is still required.
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