agreed to store strategic stocks of imported crude oil to protect against price volatility. A proposal pending since October 1995 gained parliamentary acceptance after product prices skyrocketed last year. India plans to store 12.55 million metric tons of crude to guarantee enough stocks to keep the country's oil refineries operating for 45 days.
Uruguayan state firm Ancap
and Pacific Enterprises, Los Angeles, will build a $150-200 million natural gas and LPG distribution system throughout Uruguay, excluding Montevideo. The system is expected to serve as many as 777,000 customers. Ownership in the system will be Pacifi...