‘Saudi, Iraq charged premium’: Puri on oil shift to Russia

January 17, 2024
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Oil minister Hardeep Singh Puri on Wednesday alluded to India’s pivot towards Russia after top suppliers like Saudi Arabia and Iraq started “charging a premium” for crude oil supplies to Asian markets.In an interview to Reuters on the sidelines of the World Economic Forum in the Swiss ski resort of Davos, Puri said that costly shipments from traditional Middle East suppliers forced India to diversify its crude sources.”Iraq followed Saudi Arabia in charging a premium for oil supplies to Asian markets which made their crude more expensive than crude sourced elsewhere,” the minister said.

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

‘Saudi, Iraq charged premium’: Puri on oil shift to Russia

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