Saudi Arabia, the world’s largest oil exporter, on Sunday mentioned it’s dedicated to satisfy India’s necessities of petroleum merchandise, an affirmation that got here within the wake of the nation pitching for relieving world output cuts to rein in surging oil costs.
In an interview to PTI, Saudi ambassador Dr Saud bin Mohammed Al Sati additionally mentioned that Saudi Arabia made investments price USD 2.81 billion in India in 2020 and is taking a look at a larger momentum in bilateral financial ties in areas like petroleum, renewable power, IT and synthetic intelligence.
“Saudi Arabia has remained dedicated to assembly the necessities of India from oil and petroleum merchandise and our power cooperation has been going very properly. It has been additional bolstered in the course of the latest and ongoing communications between Prince Abdulaziz bin Salman Minister of Power and his counterpart Minister Dharmendra Pradhan,” Al Sati mentioned.
His feedback got here in response to a query on Saudi Arabia’s place on India urgent for relieving cuts in crude oil manufacturing by OPEC and OPEC Plus as excessive oil costs are hurting the consumption-led restoration of a