Saudi Arabia to regain India's top oil supplier spot after RIL-Aramco deal

摘要

Saudi Aramco's recent deal for buying a 20 per cent stake in Reliance Industries Ltd.'s(RIL's) oil-to-chemical business will help Saudi Arabia regain the position of being the biggest supplier of oil to the world's fastest-growing oil market.Saudi Arabia,which traditionally has been India's top oil source,lost the slot to Iraq during the last two financial years.The RIL-Aramco agreement will be accompanied with a deal to supply 500,000 barrels per day(bod) or 25 million tonnes a year of crude oil.