Can't compare #oil holdings of #india and #china: Oil Minister Hardeep Singh Puri

Added: 2026-05-16

[00:00:00]If you are a country like India uh which has a huge coastline which is proximate geographically to west Asia which is nearby what kind of reserve or storage are you looking for so we have been looking traditionally and maybe that's something we need to correct we've been looking at holding in other words we have what 24 refineries if the refineries are full and pipelines are bringing the crude in I've got many ports. The ports have floating um uh uh cargos plus I have these caverns and uh underground this thing. Yes, I think the time has come now. Earlier I in answering parliament questions, not in the question but in the supplementaries I explained that we have something like 76 days of holding which is not bad which is not compared to China because China does other things strategically. they they have the capacity because they've been in the game longer that they've been buying huge amounts for but today I read a report that the Chinese uh reserves are earning