2005 News Story

Crown Prince Abdullah receives Indian oil minister

  Crown Prince Abdullah receiving Indian oil minister, March 29, 2005

Deputy Prime Minister and Commander of the National Guard Crown Prince Abdullah bin Abdulaziz received in Riyadh yesterday the Minister of Petroleum and Natural Gas of the Republic of India, Mani Shankar Aiyar. Minister of Petroleum and Mineral Resources Ali Al-Naimi has been holding talks with the Indian oil minister on aspects of cooperation. He commented that India, whose demand for petroleum is expected to increase in the coming decades, now imports from Saudi Arabia 60 percent of its requirements, about 430,000 barrels per day; and confirmed that under discussion were joint Saudi-Indian investment projects such as refineries and distribution.

Minister Aiyar arrived in the Kingdom on Monday, and delivered a lecture that evening at the Secretariat of the International Energy Forum in Riyadh. In his speech, on ‘Asia’s vision for energy’, he reviewed the energy challenges faced by his country and outlined New Delhi’s energy diplomacy. Today he was received in Dammam by Governor of the Eastern Province Prince Muhammad bin Fahd bin Abdulaziz.