{"id":298452,"date":"2019-10-30T10:53:52","date_gmt":"2019-10-30T05:23:52","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=298452"},"modified":"2019-10-30T10:53:52","modified_gmt":"2019-10-30T05:23:52","slug":"indian-strategic-petroleum-reserves-aramco-ink-storage-lease-pact","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-strategic-petroleum-reserves-aramco-ink-storage-lease-pact\/","title":{"rendered":"Indian Strategic Petroleum Reserves, Aramco ink storage lease pact"},"content":{"rendered":"<p>Riyadh: India\u2019s energy partnership with the world\u2019s biggest oil producer &#8211; that will enable energy security in the long term took a leap forward on Tuesday, with a bilateral deal to build emergency crude reserves as a buffer against volatility in oil prices and supply disruptions. Indian Strategic Petroleum Reserves (ISPRL) signed an agreement with Saudi Aramco to lease part of the 2.5-million tonnes Padur storage in Karnataka.<\/p>\n<p>The deal with the state-run Saudi Aramco was signed during Prime Minister Narendra Modi\u2019s visit. The UAE has also contributed to strategic reserves in India. The Middle East unit of Indian Oil Corp, signed a preliminary deal with Saudi Arabia\u2019s Al Jeri Transport Company for cooperation in the downstream sector, including setting up fuel stations in the kingdom.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riyadh: India\u2019s energy partnership with the world\u2019s biggest oil producer &#8211; that will enable energy security in the long term took a leap forward on Tuesday, with a bilateral deal to build emergency crude reserves as a buffer against volatility in oil prices and supply disruptions. Indian Strategic Petroleum Reserves (ISPRL) signed an agreement with Saudi Aramco to lease part of the 2.5-million tonnes Padur storage in Karnataka. The deal with the state-run Saudi Aramco was signed during Prime Minister Narendra Modi\u2019s visit. The UAE has also contributed to strategic reserves in India. The Middle East unit of Indian Oil [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-298452","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=298452"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298452\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=298452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=298452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=298452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}