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Shri Dharmendra Pradhan inaugurates Saudi Aramco India Office

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Shri Dharmendra Pradhan inaugurates Saudi Aramco Office

Minister of Petroleum and Natural Gas & Skill Development & Entrepreneurship Shri Dharmendra Pradhan, today inaugurated Saudi Aramcos ARAMCO ASIA office in Gurugram jointly with Mr Amin H Al-Nasser, President and CEO of Saudi Aramco. The office is located at Two Horizon Tower, Gurugram.

Saudi Aramco through its subsidiary ARAMCO Asia (AAI) established its formal business presence in in 2016. AAI would now formally engage in crude oil and LPG marketing, engineering & technical services, and other business development activities.

Speaking on the occasion Shri Pradhan mentioned that is one of the biggest markets for Saudi oil and LPG. He said that he was delighted to jointly inaugurate the Saudi Aramco's Office in which will help in strengthening the existing buyer - supplier relationship between the two sides to a strategic partnership in the hydrocarbon sector.

ARAMCO is planning to expand its operation by introducing hydrocarbon sector services functions, including engineering services, IT operations & security and also R&D centre in near future. Saudi Aramco intends to partner with Indian companies and set up integrated business ventures in the hydrocarbon value chain in including to boost Make in India" activities.

is the second largest supplier of crude to after Iraq and it accounts for about 19% of our crude oil imports and also 29% of LPG imports respectively. During 2016-17, imported about 39.5 MMT of crude from

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, October 08 2017. 00:20 IST