24 September, 2020

Everyone Eyes A Slice Of India’s Vast Energy Market: Dharmendra Pradhan

Minister of Petroleum and Natural Gas, Dharmendra Pradhan, speaks to Outlook about developments in volatile West Asia, the diversification of India’s energy basket and how India has emerged as a sought-after energy market.

Photograph by Tribhuvan Tiwari
Everyone Eyes A Slice Of India’s Vast Energy Market: Dharmendra Pradhan
outlookindia.com
2019-09-26T13:02:42+05:30

In his first, detailed interview on some critical issues since assuming office in his second term as petroleum and ­natural gas minister, Dharmendra Pradhan speaks to Pranay Sharma about developments in volatile West Asia, the diversification of India’s energy basket, and how India has emerged as a sought-after energy market for foreign investors and entrepreneurs. Excerpts:

How worried is India over the recent drone attacks on ARAMCO installations in Saudi Arabia?

It is a serious issue and we are keeping an eye on the developments. But there is no disruption in our supply. I had a detailed discussion with my Saudi counterpart, Prince Abdulaziz bin Salman regarding the crisis and the incident. He assured me about the supply and there has been no disruption of crude oil supply from Saudi Arabia to India.  Both Saudi Arabia and ARAMCO are important for our crude oil requirements but India now has a much diversified basket. We import crude oil from Iraq, UAE and Nigeria as well as from the USA....

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