Pradhan: Saudi suggestion to make use of oil reserves ‘undiplomatic’
Union Petroleum Minister Dharmendra Pradhan on Friday stated {that a} assertion by Saudi Arabia suggesting that India faucet into its strategic petroleum reserves to take care of increased crude oil costs was “undiplomatic.” The minister stated India would procure crude oil from whichever nation supplied the very best enterprise phrases.
“That was in a way an undiplomatic answer by some of our close friends. I politely disagree with that kind of approach,” he stated on the Times Network India Economic Conclave right here. Saudi Energy Minister Prince Abdulaziz bin Salman had steered that India use low cost crude oil procured for strategic reserves final 12 months in response to calls by Pradhan that the OPEC+ group of oil-producing international locations withdraw output cuts.
“OMCs or private sector oil majors are free to take oil from any part of the world,” stated Pradhan.
