Aiyar to push India’s case for emergency oil storage

Petroleum minister Mani Shankar Aiyar will push for greater interdependence through higher mutual investments and long-term contracts amongst the Asian countries to ensure energy stability, security and sustainability.

In the first-ever roundtable of Asian ministers on regional cooperation in the oil economy scheduled in New Delhi on Thursday, Mr Aiyar has proposed that mutual investments in upstream by consuming countries and downstream by producing countries could enhance stability and security.

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