Union Petroleum and Natural Gas Minister Dharmendra Pradhan will be representing India at a meeting scheduled by the Organisation of the Petroleum Exporting Countries (OPEC) in Vienna on May 25.
The agenda of this meeting, to be attended by OPEC members and non-members, is a discussion on the contentious issue of extending the cuts in production, owing to surging output from the United States.
India imports 80 percent of its crude requirement, while 80 percent of the world's proven crude oil reserves is located in the OPEC member countries.
Being a key importer of crude oil, this meeting is said to be crucial for the government to deliberate upon various options available for oil and gas imports in the international space.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app