By 2022, our oil import will fall by 5%: Dharmendra Pradhan, Oil Minister

By 2022, our oil import will fall by 5%: Dharmendra Pradhan, Oil Minister

India is close to converting its commercial association with Middle East oil suppliers into a strategic relationship in which India will hold stakes in oilfields in the region for the first time ever, while Gulf companies can invest in oil infrastructure, refineries and petrochemicals, helping Indian consumers by increasing competition in the market, oil minister Dharmendra Pradhan said.

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