November 12, 2018 / 10:59 AM / 10 months ago

India, Saudi Arabia in Padur oil storage talks: minister

ABU DHABI (Reuters) - India is in talks with Saudi Arabia to store its oil in storage facilities in Padur, south India, said the country’s petroleum minister on Monday.

Last week, India approved a plan to allow foreign oil companies to store oil in the Padur strategic petroleum reserve.

Petroleum Minister Dharmendra Pradhan spoke to Reuters at an oil conference in Abu Dhabi.

Reporting by Stanley Carvalho; editing by Jason Neely

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