Saudi to double crude oil supply to India - Business Standard

By
Viraj
on March 1, 2010 2:09 AM | | TrackBacks (0)
Saudi Arabia today said it would double the supply of crude oil to India to around 40 million tonnes (mt) a year, a move that would help India meet the growing needs of its refineries.

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The assurance came at a meeting between Minister of Petroleum and Natural Gas Murli Deora and his Saudi Arabian counterpart Ali bin Ibrahim Al-Naimi here today. Deora is part of the delegation accompanying Prime Minister Manmohan Singh on a visit to Saudi Arabia. He said India looks for doubling of crude oil supply from Saudi Arabia as its three refinery projects at Bhatinda, Bina and Paradip near completion. Naimi assured Deora his country would increase allocation of crude oil for supply to India from about 25.5 mt a year to about 40 mt, according to an official statement.

Full Story: Saudi to double crude oil supply to India - Business Standard

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