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India flags rising crude oil prices to Saudi Arabia

Our Bureau New Delhi | Updated on June 22, 2019 Published on June 22, 2019

Minister of Petroleum & Natural Gas and Steel, Dharmendra Pradhan

India has flagged the rising crude oil prices to Saudi Arabia and sought keeping it at reasonable levels.

Minister of Petroleum & Natural Gas and Steel, Dharmendra Pradhan had a telephonic conversation with Khalid Al-Falih, Minister of Energy, Industry & Mineral Resources, Saudi Arabia for the same.

“Pradhan, referring to the developments in the Strait of Hormuz, conveyed his concern on rising crude oil prices. He also reiterated the sensitivity of Indian consumers to prevailing crude oil price volatility,” an official statement said.

Pradhan has sought active role of Saudi Arabia within OPEC and in the OPEC Plus discussions for keeping oil prices at a reasonable level, the statement added.

The Ministers also discussed about Saudi interests in India’s energy sector to further bolster bilateral ties. Pradhan also reviewed the progress of Saudi investments in India’s refining & petrochemical sectors.

They agreed to expedite the implementation of various initiatives to transform the hydrocarbon engagement from a buyer-seller one into a comprehensive one, the statement said.

Published on June 22, 2019
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