Big energy deals likely during Prince Salman’s visit


Big energy deals likely during Prince Salman’s visit

India and Saudi Arabia are expected to sign mega deals in energy and infrastructure to put meat in strategic partnership when the Gulf kingdom’s Crown Prince, Mohammed bin Salman, visits New Delhi on February 19-20.

On his maiden trip to India as the Crown Prince, Salman is expected to announce investment proposals in key sectors as Saudi Arabia aims to increase its economic footprints in India that currently remain low, people familiar with the matter indicated to ET.
India will try to impress on the Crown Prince to reduce the Asian premium on crude oil imported by India, which if Riyadh agrees to will help the government keep fuel prices stable in an election season, one of the people said.

He is also travelling to China, Malaysia and Pakistan in his maiden Asian trip in his current capacity, as Saudi aims to create global footprints and keep economy well oiled. Read More

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