India in advanced talks to store oil in US strategic petroleum reserve: Oil Minister Dharmendra Pradhan
NEW DELHI: India is in advanced talks to store crude oil in US strategic petroleum reserves, while Indian companies are expected to sign more long-term deals for US oil or LNG, Oil Minister Dharmendra Pradhan said at the second meeting of the India-US strategic energy partnership.
Bilateral hydrocarbon trade had already risen to $9.2 billion, which is 10% of total trade between the two countries, and is poised to grow further, Pradhan said in the virtual meeting that was co-chaired by the U.S. Secretary of Energy Dan Brouillette.
