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ISPRL Signs MoU with ADNOC
November 19 , 2018
2116 days
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- Abu Dhabi National Oil Company (ADNOC) has recently signed MoU with the Indian Strategic Petroleum Reserves Ltd (ISPRL) in Abu Dhabi.
- The MoU is related to exploring the possibility of storing ADNOC crude oil at Padur Underground Facility in Udupi district of Karnataka.
- ADNOC is the only foreign oil & gas company to invest by the way of crude oil in India’s strategic petroleum reserves program.
- ISPRL is an Indian government-owned company mandated to store crude oil for emergency needs and its headquarters is located at Noida.
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