Dharmendra Pradhan urges Russia to make a deal on cheap oil

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Indian oil minister Dharmendra Pradhan urged his Russian counterpart Alexander Novak to strengthen energy ties between their countries.

Pradhan worried about the rising prices on crude oil during recent weeks and asked Russia “to continue to play a balancing role in its engagement with OPEC countries by taking account the interest of consuming countries.”

This proposal followed after the US sanctions over Iran and attempts to force India to decline oil import from the country. It would be difficult as India purchased 10% of its oil.

The U.S. hardens economic sanctions and cause a pressure on the countries in order to shut off oil money. Nevertheless, India is not going to lean back. This is, indeed, about Russia that has its own agenda in the field of oil supply to Eastern Europe. Both parties aim at the development of a complex plan on interaction with a long-term prosperities.

Pradham also conveyed India’s interest to further enhance footprints in the Russian E&P sector. He invited Russian oil and gas companies to invest in building gas infrastructure in India and in the expansion of city gas distribution networks,” the press release added.


Natalia Veselnitskaya – official website

Natalia Veselnitskaya
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