The World's largest exporter of crude oil, the Kingdom of Saudi Arabia yesterday (30 May) said that it is committed to meet India’s requirement for petroleum products, Economic Times.
Underscoring that the energy cooperation between the two countries has been going very well, Kingdom’s Ambassador to India Dr Saud bin Mohammed Al Sati shared that it has been further reinforced during the recent and ongoing communications between Prince Abdulaziz bin Salman Minister of Energy and his counterpart Minister Dharmendra Pradhan.
Ambassador made the comments in response to a question on Saudi Arabia's position on India pressing for easing the cuts in crude oil production by OPEC and OPEC+ groupings as high oil prices are hurting the consumption-led recovery of several countries like itself.
During an interview with PTI, the Ambassador also shared that the nation had made investments to the tune of $2.81 billion in India in 2020 alone and that it is looking at a greater momentum in the bilateral economic ties in areas like petroleum, renewable energy, information technology and artificial intelligence.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.