Committed To Meeting India’s Requirement For Petroleum Products: Saudi Arabia's Ambassador To India

The World's largest exporter of crude oil, the Kingdom of Saudi Arabia yesterday (30 May) said that it is committed to meet India’s requirement for petroleum products, reports Economic Times.

Underscoring that the energy cooperation between the two countries has been going very well, Kingdom’s Ambassador to India Dr Saud bin Mohammed Al Sati shared that it has been further reinforced during the recent and ongoing communications between Prince Abdulaziz bin Salman Minister of Energy and his counterpart Minister Dharmendra Pradhan.

Ambassador made the comments in response to a question on Saudi Arabia's position on India pressing for easing the cuts in crude oil production by OPEC and OPEC+ groupings as high oil prices are hurting the consumption-led recovery of several countries like itself.

During an interview with PTI, the Ambassador also shared that the nation had made investments to the tune of $2.81 billion in India in 2020 alone and that it is looking at a greater momentum in the bilateral economic ties in areas like petroleum, renewable energy, information technology and artificial intelligence.