Petroleum Minister Dharmendra Pradhan, who said earlier that India is keeping a close eye on the oil crisis in Saudi Arabia, called up Saudi Oil Minister Prince Abdulaziz bin Salman on Thursday and was assured that Riyadh would be meeting all of India's oil supply commitments. The Kingdom has announced it is looking to restore production very soon.
Earlier this year, the US had withdrawn from the 2015 Iranian nuclear deal and reimposed a series of tough sanctions on Iran.
During first three months of 2018-19 fiscal year that began from April, the state-owned firms bought 5.67 million tonnes of crude oil from Iran for Rs 19,978.46 crore (USD 2.95 billion).
Tehran, Jul 19: Iran threatened on Monday to cut oil supplies to India by the beginning of August, if billions of dollars in what it said are overdue payments for crude oil are not made.The
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