Saudi Arabia assures PM of oil supplies

Saudi Arabia has assured its "desire and readiness" to provide India with its "present and future" oil needs, a move that will help the country meet the growing energy requirements.

Saudi Arabia has assured its "desire and readiness" to provide India with its "present and future" oil needs, a move that will help the country meet the growing energy requirements.

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The assurance was given at a meeting between Prime Minister Manmohan Singh and Saudi Arabia's Minister of
Petroleum and Mineral Resources Ali Al-Naimi in Riyadh on Sunday.

The two men held discussions on the state of the world's oil markets and the efforts being made by the Kingdom
to bring stability to the markets.

The meeting also dealt with joint investments between the two countries. Al-Naimi also met the minister of petroleum
and natural gas Murli Deora to discuss mutually beneficial trade links.

Saudi Arabia said it will double the supply of crude oil to India to around 40 million metric tonnes (MMT) per annum, a move that will help India meet the growing needs of its refineries. The assurance came at the meeting between
Deora and Al-Naimi here yesterday.