Today: 11 July 2025
22 April 2024
1 min read

India reiterates its partnership with OPEC

Puri assured Al Ghais that as one of the world’s fastest-growing economies, India is committed to supporting efforts to achieve such balance in global energy markets…reports Asian Lite News

India has reiterated its long-standing and constructive partnership with the Organisation of Petroleum Exporting Countries (OPEC).

India is the second largest export destination for the OPEC as a whole.

The reiteration of “long-standing” partnership came in a 30-minute telephone conversation with the OPEC Secretary General, Haitham Al Ghais and India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri, the Minister’s office said in a statement.

Puri emphasised the “importance of balancing market stability and affordability of oil with pragmatism. The discussions, inter-alia, covered recent trends in the global oil markets and their implications for international energy stability,” the statement said.

Puri assured Al Ghais that as one of the world’s fastest-growing economies, India is committed to supporting efforts to achieve such balance in global energy markets.

The statement pointed out that as per updated final figures for the financial year 2022-23, India imported crude oil, liquefied petroleum gas, liquefied natural gas and petroleum products from OPEC countries, amounting to $ 120 billion.

ALSO READ-Oil demand will grow 2.25 million bpd: OPEC

Previous Story

US, Philippines start drills in SCS

Next Story

Taiwan says US aid package will safeguard peace

Latest from -Top News

Pakistan, Turkey Cement Defence Ties

Turkey and Pakistan aim to enhance bilateral trade volume to USD $ 5billion, especially in defence, trade, energy, and infrastructure sectors….reports Asian Lite News Turkey and Pakistan have further solidified their longstanding,

US Issues Iran Travel Alert

The statement came amid the recent tensions between the US and Iran following the 12 days of escalating conflict between Iran and Israel…reports Asian Lite News The US Department of State announced

No Lifetime Visas, Says UAE

The UAE’s ICP has dismissed media claims of lifetime Golden Visas for select nationalities, calling them inaccurate…reports Asian Lite News The Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP) has

Netanyahu Nominates Trump for Nobel

Netanyahu hails Trump’s role in Middle East diplomacy with Nobel nomination gesture…reports Asian Lite News Israeli Prime Minister Benjamin Netanyahu formally nominated US President Donald Trump for the Nobel Peace Prize, handing
Go toTop

Don't Miss

India rejects Australia court order on ex-envoy 

The Australian media reported that Sherghill told the Federal Court

Sikh girl asked to remove turban in Bengaluru

The authorities are now crossing their fingers over the turn