India, the world’s third largest oil importer, has been worried over its oil supplies following the drone attacks on the world’s largest oil processing facility in Saudi Arabia and a major oil field there.
Petroleum Minister Dharmendra Pradhan, who said earlier that India is keeping a close eye on the oil crisis in Saudi Arabia, called up Saudi Oil Minister Prince Abdulaziz bin Salman on Thursday and was assured that Riyadh would be meeting all of India’s oil supply commitments. The Kingdom has announced it is looking to restore production very soon.
Pradhan discussed with Abdulaziz the supply plan in the aftermath of the September 14 attacks on Saudi Arabia’s Khurais oilfield and the Abqaiq petroleum processing facility, both owned by the state-owned Saudi Aramco oil company.
The attacks wiped out as much as 5 million barrels per day of output. Read More
Latest posts by ETEnergy World(Reuters) (see all)
- Goa government departments in list of defaulters with Rs 145-cr power dues - October 4, 2019
- If discoms have their way, power will become costlier in Madhya Pradesh - October 1, 2019
- Reliance Power ‘ideally’ placed for strong performance: Anil Ambani - September 30, 2019