State refiners, which control about 60% of India s 5 million barrels per day (bpd) refining capacity, together import an average 14.7-14.8 million barrels of Saudi oil in a month, the sources said.
India, the world s third-biggest oil importer and consumer, imports more than 80% of its oil needs and relies heavily on the Middle East.
Hit hard by rising oil prices, oil minister Dharmendra Pradhan has repeatedly called on the Opec and its allies, known as Opec+, to ease supply curbs.
He has blamed Saudi s voluntary cuts for contributing to a spike in global oil prices.
Opec+ decided this month to extend most cuts into April. Responding to Pradhan s request, Saudi energy minister Prince Abdulaziz bin Salman suggested India dip into strategic reserves filled with cheaper oil bought last year.
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LONDON: Only two regional media outlets CNN Arabic and London-based Asharq Al-Awsat have corrected a mistake relating to coverage of late Saudi Oil Minister Ahmad Zaki Yamani.
Following his death on Feb. 23, the aforementioned outlets were two of many that mistakenly reported that he was the first secretary-general of the Organization of the Petroleum Exporting Countries (OPEC) despite OPEC itself confirming this was not the case.
The common mistake was exposed at the time by the Arab News Research & Studies Unit, which tracked coverage of Yamani’s death and found that most Saudi and regional media outlets relied on his Arabic Wikipedia page. The Wikipedia entry contained inaccurate and unsourced information.
В Киевском СИЗО антисанитарные условия - Офис омбудсмена bigmir.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bigmir.net Daily Mail and Mail on Sunday newspapers.