No oil supply disruption to India: Dharmendra Pradhan after attacks on Saudi Arabia’s Aramco centres

Dharmendra Pradhan (file image)

Petroleum Minister Dharmendra Pradhan on Tuesday expressed confidence that there will be no effect on oil distribution and supply in the country following attacks on the oil stabilisation centres of Saudi oil giant Aramco.

“It is unfortunate that the oil stabilisation centres of Aramco have been attacked. Following the attacks, top executives of Aramco have been contacted. Indian Ambassador in Riyadh contacted the senior management of Aramco to ensure a steady supply to India,” Pradhan said.

“We have reviewed our overall crude oil supplies for the month of September with our Oil Marketing Companies (OMCs). We are confident there would be no supply disruption to India. We are closely monitoring the evolving situation,” he added.

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Pradhan further said that Aramco officials have ensured that there will be no impact on distribution.

“September offtake of oil has been completed. We will have to wait to see what actual impact it will have on Indian Markets. For continued supply we have kept all options open,” he said.

The world’s largest crude-processing facility operated in Saudi Arabia’s Aramco was hit by a massive drone strike on Saturday, driving up oil prices to their highest in nearly four months.

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