India: Work on Strategic Oil Reserves to Start Early ‘06

The Indian government is expected to start constructing two crude oil storage facilities by early next year as part of its plan to build a strategic oil reserve, a senior official in the Petroleum Ministry said Friday.

“The construction of the oil reserves (facilities) would begin early in 2006 and be completed by 2010,” Petroleum Secretary Sushil Tripathi told Dow Jones Newswires.
Schlumberger