Riyadh – Mubasher: Saudi Aramco is reportedly in talks with India’s conglomerate Reliance Industries for potential investments in the Asian country.
Aramco seeks more investments in India, so, it engages in negotiations with other companies, the Saudi company’s CEO Amin Nasser said, according to Reuters.
India is an investment priority for Saudi Aramco, for the subcontinent currently buys around 800,000 barrels per day (bpd) of oil from the Saudi energy giant, Nasser added.
India’s total oil consumption is expected to reach 8.2 million bpd by 2040, the top official revealed.
With a daily oil demand of 4.7 million bpd, India is considered the world’s third biggest crude oil consumer.
