MOSCOW (MRC) -- Prime Minister Narendra Modi will meet executives from energy majors BP PLC and Exxon Mobil Corp in the United States this week to discuss investment opportunities, reported Reuters with reference to the foreign ministry's statement on Thursday.
The energy hungry nation, which has been increasing imports of crude from the United States, is looking at raising oil imports from Russia, amid uncertainty over supplies after an attack on Saudi Arabian facilities last weekend.
Modi will also attend a separate investment event with executives from JPMorgan Chase & Co, Lockheed Martin, Mastercard Inc and Walmart Inc, foreign secretary Vijay Gokhale said.
As MRC wrote before, an attack on Saudi Arabian oil facilities has caused the biggest supply disruption in absolute terms in the last five decades, as per International Energy Agency figures. Saturday's attack will cut the kingdom's output by 5.7 million barrels per day (bpd), according to a statement from state-run oil company Saudi Aramco. It is not yet known how long it will take to restart the production.
MRC