Saudi Aramco eyes stakes in Indian refineries: Al-Falih

25/02/2018 Argaam

 

State-run Saudi Aramco will sign oil supply deals as part of the agreement to buy stakes in Indian refineries, Reuters reported, citing energy minister, Khalid Al-Falih.

 

Meanwhile, the Saudi energy minister said that he hopes the production constraints under a deal between major OPEC and non-OPEC oil producers will ease in 2019.

 

He welcomed the rise in US production, saying that demand is seen remaining strong in 2018 and that the market will be able to absorb that supply. 

Saudi Arabia will keep overseas shipments in March below 7 million barrels per day, Al-Falih added.

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