Malaysia plans oil stockpile for region

Ulhas Joglekar uvj at vsnl.com
Mon Jul 8 18:02:53 PDT 2002


The Economic Times

Malaysia plans oil stockpile for region

REUTERS MONDAY, JULY 08, 2002

BALI: Malaysia said on Sunday it wants to start stockpiling oil with giant neighbour Indonesia to guard against supply problems and reduce exposure to market forces.

Energy minister Leo Moggie said the concept could be broadened to include Asean, which he said, as a region, would soon become a net oil importer.

http://economictimes.indiatimes.com/articleshow.asp?art_id=15292403



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