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This is an archive article published on March 30, 2005

Saudi to up oil exports to India

Saudi Arabia is ready to increase oil supplies to India from the current level of 430,000 barrels per day, Saudi Oil Minister Ali al-Naimi s...

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Saudi Arabia is ready to increase oil supplies to India from the current level of 430,000 barrels per day, Saudi Oil Minister Ali al-Naimi said on Tuesday.
After talks in Riyadh with his Indian counterpart Mani Shankar Aiyar, Naimi also reiterated Saudi Arabia’s hopes of investing in JV refineries with India to process Saudi crude.

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President Trump spoke with Prime Minister Modi about India's continued purchases of Russian oil, warning that if they don't stop, tariffs on Indian goods will remain high. However, India denies any conversation took place and defends its energy policy. While the US claims India has halved its Russian oil purchases, Indian sources say there has been no immediate reduction.

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