Puri calls Saudi Arabia for second time in two months, Energy News, ET EnergyWorld


New Delhi: Oil Minister Hardeep Singh Puri on Friday called Saudi Oil Minister Abdul Aziz bin Salam Al Saud – the second such exchange in as many months – to discuss an energy partnership. “I had a warm exchange with HRH Abdul Aziz bin Salman Al Saud, Minister of Energy of Saudi Arabia. We discussed the similarities of our energy vision and the important role the energy sector plays in our overall strategic partnership, ”Puri tweeted.

In July, shortly after taking over as petroleum minister, Puri called on OPEC kingpins to voice India’s concern over high oil prices threatening to impact the recovery. emerging economy after a devastating pandemic.

He first called his counterparts in Qatar and the United Arab Emirates, then Saudi Arabia, the linchpin of the Organization of the Petroleum Exporting Countries (OPEC).

“I had a warm and friendly discussion with His Royal Highness Prince Abdul Aziz bin Salman Al Saud, Minister of Energy of Saudi Arabia on strengthening the bilateral energy partnership and developments in global energy markets. energy, ”Puri tweeted on July 15.

Saudi Arabia, he said, is a central player in the international energy market.

“I expressed my desire to work with His Royal Highness Prince Abdulaziz to bring more predictability and calm to the global oil markets, and also to see hydrocarbons become more affordable,” he said.

Saudi Arabia is the world’s largest exporter of crude oil and India’s second-largest source after Iraq.

Concerned about rising oil prices, India has contacted major oil producers in the Middle East.

Puri on July 14 called on UAE Industry Minister Ahmed Al Jaber, who is the Managing Director of Abu Dhabi National Oil Co (ADNOC), to seek UAE support in lowering prices. .

The rebound in international oil prices from lows reached in May following the recovery in demand had pushed gasoline and diesel prices to record highs in India.

International oil prices this week hit their two-month high, threatening a resumption of the rate hike cycle.

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