India tries to impress upon Saudi Arabia in maintaining global oil balance and supplies
NEW DELHI: Concerned about rising international crude oil prices; India, the world’s third-largest oil importer has raised the issue with Saudi Arabia, during the visit of Gulf kingdom’s energy minister Khalid A. Al-Falih.
This was articulated by India’s petroleum minister Dharmendra Pradhan in a meeting on Saturday. Saudi Arabia is a crucial source of energy for India and the second largest supplier of crude and cooking gas to India. India imported 36.8 million tonnes of crude oil from Saudi Arabia that accounted for 16.7% of total imports in 2017-18.
“During the meeting, Shri Pradhan referred to Saudi Arabia’s pre-eminent role as a leading producer of crude oil in the world, and in maintaining global oil market balance,” India’s petroleum and natural gas ministry said in a statement on Sunday.
