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India, Middle East Countries In Talks On Oil- For-food Scheme by Amoto94(m): 10:36am On Mar 11, 2016 |
NEW DELHI (Reuters) - India is in talks with
countries in the Middle East for a scheme
under which they can exchange crude oil for
food.
India oil minister Dharmendra Pradhan said on
Friday that the country is in talks with the UAE
and a few more countries for an oil-for-food
programme.
He said discussions between these countries
are being held at the leadership level.
India, which is the third biggest crude oil
consumer in the world, imports almost 80
percent of its crude oil requirement from
overseas, a majority of which is met through
shipments from the Middle East nations.
in.mobile.reuters.com/article/idINKCN0WD0R5?irpc=932 |
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