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Saudi Arabia To Supply 4 Million Barrels Of Crude Oil To India In November, Waiting For The Us Sanct
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Saudi Arabia is all set to supply 4 million crude oil barrels to India in November as per the sources. Saudi Arabia is the world’s largest oil exporter which is now willing to complete the shortfall by increasing the crude oil supply to India. The country is just waiting for the sanctions by the US on exporting oil from Iran which is indeed the third-largest producer of crude oil in one of the organizations of OPEC (petroleum exporting countries).
India is on the top client’s list after China, however, some refiners claimed that they will end taking the barrels from them due to the sanctions.
According to the sources, many companies including Hindustan petroleum corp, Bharat petroleum corp, reliance industries Ltd, Mangalore refinery petrochemicals etc are waiting for an additional 1 million barrels in November.
However, India imports 25 million barrels per month from Saudia.
Read More - https://www.thepolygraph.in/news/saudi-arabia-to-supply-4-million-barrels-of-crude-oil-to-india-in-november-waiting-for-the-us-sanctions
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