Abu Dhabi: India is in talks with Saudi Arabia to store its oil in storage facilities in Padur, south India, said the country’s petroleum minister on Monday.

Last week, India approved a plan to allow foreign oil companies to store oil in the Padur strategic petroleum reserve.

Petroleum Minister Dharmendra Pradhan spoke to Reuters at an oil conference in Abu Dhabi.

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)