Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.