Industry > Industry monitor > Oil & gas
31 March 2021
A spike in the prices of crude oil, especially after the producer cartel Organisation of Petroleum Exporting Countries (Opec) has forced India to revamp its Strategic Energy Partnership (SEP) with the United States.
Towards this, India’s minister of petroleum and natural gas Dharmendra Pradhan on Monday held a virtual meeting with US Secretary of Energy Jennifer Granholm.
While the meeting was only introductory, both leaders agreed to revamp the India-US SEP to reflect the new priorities of Prime Minister Narendra Modi and President Joe Biden with focus on promoting clean energy with low-carbon pathways and accelerating green energy cooperation.