Saudi to nearly double crude exports to India

The Indian government has said that Saudi Arabia is willing to increase crude supplies to the South Asian nation to 40 million tonnes from about 25.5 million tonnes currently to meet the rising energy demand of the country, Reuters has reported. The announcement comes after Saudi oil minister Ali al-Naimi met with his Indian counterpart Shri Murli Deora in Riyadh. 'India also indicated sourcing heavier crude from Saudi Arabia, the Indian statement said without giving a time frame for the increase in Saudi crude supplies.