PM Modi is delivering his promise of ‘Acche Din’: Saudi Arabia’s Energy Minister
NEW DELHI: Saudi Arabia Monday committed to meeting India's rising oil demand and said it is keen to invest in fuel retailing and petrochemical business in the world's fastest-growing energy consumer.
Speaking at India Energy Forum, its oil minister Khalid al-Falih heaped lavish praises on Prime Minister Narendra Modi and his government for making it easier to do business in the country and ushering in "acche din".
"My frequent visits to India are indicative of the importance Saudi Arabia attaches to this great nation as a critical energy and a strategic global player," he said calling the county an "emerging superpower".
Saudi Arabia is the India's second-biggest oil supplier behind Iraq and is committed to meet any shortfall that may arise due to sanctions on Iran, he said.
"I had the privilege of meeting Prime Minister Narendra Modi and Oil Minister Dharmendra Pradhan today. I assured them of our full and continued commitment of meeting India's oil demand as well as continuing to invest here in India," he said adding Saudi Arabia will maintain close contact with major consumers and seek their views.
India, the world's third-biggest oil importer, is facing record high retail prices as international crude rate soared and rupee value dipped.
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