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Ushering in a new era: Intensifying engagement between India & Saudi Arabia

By HindusthanSamachar | Publish Date: Mar 11 2019 10:05AM
Ushering in a new era: Intensifying engagement between India & Saudi Arabia
Adel al-Jubeir, Minister of State for Foreign Affairs of Saudi Arabia to call on Modi and Sushma this evening New Delhi, Mar 11 (HS): Adel al-Jubeir, Minister of State for Foreign Affairs of the Kingdom of Saudi Arabia will call on the Prime Minister Narendra Modi at 7, Lok Kalyan Marg this evening. Later, he will hold discussions with Smt. Sushma Swaraj, Minister of External Affairs at Jawahar Lal Nehru Bhawan. Both the leaders will exchange words over several key issues. This meeting with Modi and Sushma is a follow-up to the first State visit of His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Deputy Prime Minister and Minister of Defence of the Kingdom of Saudi Arabia in February this year, and Minister of Energy, Industry and Mineral Resources of Saudi Arabia and Chairman of Saudi Aramco, Khalid A. Al-Falih on 9 March. It may be recalled that Minister of Petroleum and Natural Gas and Skill Development and Entrepreneurship Dharmendra Pradhan had held a meeting with Khalid A. Al-Falih in New Delhi on 9 March, 2019. This visit reflected the intensifying engagement between the two countries in the hydrocarbon sector. Saudi Arabia is the second largest supplier of crude and LPG to India. In 2017-18, India’s crude oil imports from Saudi Arabia were 36.8 MMT, accounting for 16.7% of our total imports. There are several Saudi investment proposals in the Indian oil and gas sector, including the urgent steps to be taken to expedite the implementation of the first Joint Venture West Coast Refinery and Petrochemical Project in Maharashtra, estimated to cost US $ 44 billion, which will be the largest greenfield refinery in the world. Hindusthan Samachar/Shri Ram Shaw
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