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Gulf stability important for oil imports: Antony
Press Trust of India / Riyadh Feb 14, 2012, 14:58 IST

Observing that the current situation in the Gulf region was a cause for "great concern" for India, Defence Minister AK Antony today hoped that the crisis there will be resolved through peaceful dialogue.

The Defence Minister, who is on a two-day visit here, said the Gulf region has an "immense importance" in the Indian foreign policy as it provides more than half of country's total crude oil imports.

"The current situation in the Gulf region is a cause for great concern for India and we hope that the crisis in the region will be resolved through peaceful dialogue," Antony said here.

His comments came against the backdrop of EU and US sanctions on Iran's oil export over Tehran's controversial nuclear programme.

Soon after landing, the Indian Defence Minister held a meeting with Saudi King Abdullah bin Abdul Aziz Al Saud here yesterday.

In the 30-minute meeting, the two leaders expressed satisfaction that both countries are pursuing cooperation in pursuit of the strategic partnership, especially in security, defence, economic and political fields, Indian Defence Ministry spokesperson Sitanshu Kar said.

King Abdullah offered all assistance to New Delhi, including additional supply of crude oil if it required the same.

For his meetings scheduled with Princes Salman and Khalid today, Antony hoped that his discussions with them will lead to specific initiatives to deepen the defence exchanges to the benefit of both the countries.

He expressed confidence that his visit will give a "new substance and direction" to Indo-Saudi defence ties and said, "this constitutes an important component of the emerging strategic partnership between the two countries".

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