📷 Image: Wikimedia Commons / Deepak das
Business
Odisha Oil Reserve Project Delayed as UAE Negotiates Crude Sales Pact
✍️ Business Standard
🗓 13 Oct 2026, 12:36 PM
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The development of Odisha’s oil reserve has been postponed further after the United Arab Emirates expressed interest in securing a crude‑oil sales agreement.
The Odisha oil reserve project, aimed at tapping the state’s offshore reserves, has been delayed again as the UAE seeks a pact on crude sales.
Officials said the delay stems from ongoing negotiations with the UAE, which is interested in securing a long‑term supply agreement for crude from the project.
The postponement could affect the timeline for the project’s development and the region’s energy output, according to state authorities.
Officials said the delay stems from ongoing negotiations with the UAE, which is interested in securing a long‑term supply agreement for crude from the project.
The postponement could affect the timeline for the project’s development and the region’s energy output, according to state authorities.