India is sourcing significant crude oil from Saudi Arabia and UAE, while also considering Iranian oil.
1 report, 1 independent
Updated Jun 18
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What happened
India is sourcing significant crude oil from Saudi Arabia and UAE, while also considering Iranian oil.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Oil tankers are transiting under international oversight amid the impacts of the US-Iran war on crucial trade routes.Sub-event
India is increasing oil purchases from Saudi Arabia and UAE.1 source
Keep exploring
Part of
Saudi Arabia is strategically transforming its economic relations, leveraging partnerships to support economic diversification efforts in line with Vision 2030, including coordination in oil markets.Also in this story
- Saudi Arabia is pursuing ambitious economic transformation by strengthening ties with the Gulf Cooperation Council and expanding international partnerships, including Vietnam, under the umbrella of Vision 2030.
- A preliminary agreement has been established for a joint venture between the Public Investment Fund and Talaat Moustafa Group for a mixed-use development in a prime location in Riyadh.
- Lockheed Martin conducted an internship program in Riyadh supporting Saudi Arabia's national development goals and Vision 2030 objectives.
- The Saudi government is actively working to establish Riyadh as a major early mover hub for the country's strategic development.
The entities involved
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Saudi Arabia
country in West Asia
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United Arab Emirates
country in Western Asia
Related events
- India is diversifying its oil imports, sourcing crude from Russia, Oman, Saudi Arabia, Brazil, and facing potential US tariff risks.
- India currently sources energy from Russia while facing Gulf disruptions and potential tariffs imposed by Trump's law.
- The global energy market is under strain as India increases reliance on Russian crude amid Western sanctions, while the UAE and Europe are involved in related developments.
- Saudi Arabia and UAE seek investment in Indian refineries amid escalating tensions and chokepoint threats in West Asia.
- Geopolitical tensions involving Saudi Arabia and Donald Trump are affecting global commodity flows and Indian import costs.