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As coronavirus outbreak hit oil prices, India takes advantage of it, stores it at sea as onshore tanks full

Shortpedia

Content Team
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As coronavirus outbreak led to the availability of oils at cheap prices, India took advantage of it. Indian refiners are taking advantage of the situation to bulk up its supplies even as every corner of the nation's onshore storage tanks fills to the brim, according to Oil Minister Dharmendra Pradhan. He added that India's 25 million tons of crude and fuel storage capacity at refineries, pipelines and inland depot are full.