Saudi Arabia is looking at making India a regional hub for supply of crude oilNSE 2.78 % and will invest billions of dollars in the country to build storage facilities and strengthen refineries, Saudi Foreign Minister Adel bin Ahmed Al-Jubeir has said. Saudi Arabia, the world’s biggest oil exporter, will also invest in downstream assets in India besides helping the country boost its infrastructure in the petrochemical sector, Al-Jubeir said.
The foreign minister, who was part of Saudi Crown Prince Mohammed Bin Salman’s delegation here, said his country looked at India as a rising economic power and was very bullish about its potential to grow further.
