SAUDI ARABIA

India May Lower Crude Imports From Saudi Arabia 

An Indian delegation visited Riyadh last week to discuss with the Saudi Minister of Petroleum and Mineral Resources, Shaikh Ahmad Zaki Yamani, and Petromin officials the possibility of lowering India's imports of Saudi crude which are currently averaging 40,000 b/d. India has now reduced its need for foreign crude from 70% of domestic consumption in 1982 to only 30% in 1985. In addition to oil, India imports Saudi...