The move to allow UAE's Adnoc to export oil from India's strategic reserves signifies a shift in India's energy policy. The decision, aimed at incentivizing foreign investment in oil storage facilities, could be a game-changer. However, it's essential to balance economic interests with national energy security.
What is your opinion on the government allowing UAE’s Adnoc to export oil from Indian strategic storage?
The Indian government has recently permitted UAE’s Adnoc to export oil from the country's strategic storage. This decision has been made despite the fact that the raw material for producing fuels like petrol and diesel, i.e., crude oil, cannot be exported except through the state-owned Indian Oil Corporation (IOC). We would like to know your views on this decision.
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