Oil for oxygen: Covid-hit India welcomes Saudi medical aid, boosts oil imports - News Summed Up

Oil for oxygen: Covid-hit India welcomes Saudi medical aid, boosts oil imports


"Deeply appreciate the initial gesture of goodwill with complimentary LMO supplies particularly from UAE, Kuwait, Bahrain and Saudi Arabia," Pradhan said. Pradhan's tweets came a day after Indian state refiners reversed steep cuts in Saudi oil imports for May at the directions from oil ministry, and placed orders for regular purchases in June. Indian state refiners buy about 15 million barrels of Saudi oil in a months from Saudi Aramco. India urged refiners to diversify crude sources to cut reliance on the Middle East and directed them to reduce intake of Saudi oil. India's oil minister Friday also said he held talks with Saudi Arabia and other Gulf counties about supplies of liquid medical oxygen and thanked them for receiving emergency supplies.


Source: The Star May 07, 2021 16:26 UTC



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