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Crude Oil : Iran, China cos bid to build Indian crude reserve
Iranian construction firm Tablieh and China’s Sinohydro Corp. are among those interested in building the first stage of India’s strategic crude oil reserve, a senior oil ministry official said.
Thirteen consortia have submitted preliminary bids and will now be scrutinised before a shortlist is drawn by mid-August.
A final award to construct the 7.3 million barrel reserve [...]
