New Delhi: Almost a week in his new job as Indian oil minister, Hardeep Singh Puri has jumped into and falls international oil diplomacy to seek the tranquility of the market because the price of fuel soared at home.
On Wednesday, Puri called Sultan Ahmad Jaber, head of the Abu Dhabi National Oil Company and Minister of Industry of the United Arab Emirates, Star Rising OPEC which has caused divisions in grouping by challenging Saudi Arabia’s supremacy and sending oil prices.
But unlike in the past, the former diplomat was measured in conveying New Delhi’s concern over the impact of the recession from high oil prices on the recovery and demand of the global economy, which will eventually hurt producers.
“Delivering my desire to work with UAE and other friendly countries to bring peace, predictability, and realism among other suppliers on the energy market to make it more affordable for consumers,” Puri Tweeted.
“We agree to take the involvement of bilateral energy to higher heights and also to diversify to new fields in the context of global energy transition that is growing rapidly,” he told Jaber, underlining New Delhi’s desire to expand traditional oil bonds with ash dhabi like that Establish itself as a technology center and the power of the bay economy.
Puri had last week twisted his Qatar ribbon and Qatar Head Petroleum Saad Sherida Al-Kaabi.
Similar calls are expected with others in the coming days.
This call is intended to smooth ruffled feathers and protect bilateral bonds so as not to get caught up in the gaps in OPEC, which accounts for 70-80% of Indian oil imports.
Although India has a close relationship with members of OPEC West Asia, its approach to grouping in the last few times has been muscular when it arrives at oil prices.
The third largest oil consumer in the world has almost one alone urgent for market stability and softer prices, utilizing its market size.
Things have come to the head after Saudi Arabia led grouping to extend the production cut agreement last year, sending racing oil prices.
When the pump price soared, the predecessor of Puri Dharmendra Pradhan accused the grouping of “backwards on their promise (to increase output as an open economy after locking 2020)”.
This leads to the War of Words, without guarantees of international diplomacy, with Saudi oil minister Abdulaziz bin Salman, who said “India must use cheap oils that have been purchased when prices fall”.