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NEW DELHI: India has offered ¶¶Òõ¶ÌÊÓƵ a stake in the second phase of the south Asian nation’s yet-to-be-built strategic oil reserves, Oil Minister Dharmendra Pradhan said in New Delhi on Friday.
The government also discussed with ¶¶Òõ¶ÌÊÓƵ investment opportunities in a proposed oil refinery with 1.2 million barrels per day of capacity on the west coast of India and a petrochemicals project in the south of India, Pradhan said.
Pradhan said India has sought reasonable oil prices from ¶¶Òõ¶ÌÊÓƵ that will make crude economical to Indian state-owned refineries without hurting the ‘interest’ of ¶¶Òõ¶ÌÊÓƵ.