Saudi Arabia assures India of meeting crude oil supply commitments
New Delhi. Saudi Arabia on Thursday assured India of fulfilling all its crude oil supply commitments. Petroleum Minister Dharmendra Pradhan spoke on the phone to Saudi Arabia's Petroleum Minister Wali Ahad (Crown Prince) Abdulaziz bin Salman, assuring Saudi Arabia that oil supplies to India would not be affected. At the same time, Saudi Arabia said that it is trying to bring the production at its crude oil plants to the level before the drone attack.
Its daily production has come down by 5 million barrels following a major attack on Saudi Arabia's crude oil plants. Indian Oil Corporation (IOC) chairman Sanjeev Singh said, "He has assured that all the commitments to supply to India will be fulfilled." Saudi Arabia is India's second-largest oil supplier. He sells 2 million tonnes of crude oil to India every month. Out of this, 12 to 13 lakh tonnes of oil has already arrived in September. The remaining supplies are also expected to arrive soon. Singh said that although Saudi Arabia still wants to postpone some LPG supplies, it has assured that this shortfall in supply will be made up. Singh said that any shortfall in this would be compensated by Qatar. India buys two lakh tonnes of LPG every month from Saudi Arabia.
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