India will keep its strategic and economic interests in mind while sourcing crude oil: Dharmendra Pradhan
NEW DELHI : India, the world’s third-largest oil importer on Friday said that it will source crude oil from any country, that offers cheaper and favourable terms.
While articulating India’s position, petroleum and natural gas minister Dharmendra Pradhan said India will take a decision while keeping its strategic and economic interests in mind. He was speaking at Times Network India Economic Conclave.
He added that India’s oil marketing companies are free to source oil from any part of the world.
“Whichever country will provide favourable business terms, whether it is America or Iraq or UAE or Saudi Arabia. India’ common man’ interest is paramount in our decision,” Pradhan said.
