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Despite Iran-US conflict, there is need for continuous supply of oil : PM Modi


Agencies, Osaka (Japan) Prime Minister Narendra Modi on Friday made a strong pitch for ensuring that there is unhindered and continuous supply of oil at a reasonable price and maintained that Saudi Arabia has an important role to play on this front. Answering questions at the media briefing here on the sidelines of G20 Summit where Prime Minister is holding a series of bilateral meetings, Foreign Secretary Vijay Gokhale told reporters: "Iran was not discussed specifically in talks between PM and Saudi Crown prince Mohammed bin Salman bin Abdulaziz Al Saud". But he went onto clarify that - ".....what was discussed was that Prime Minister indicated that we need to have a continuous supply of oil at a reasonable price. He (Modi) felt Saudis have a critical role to play in ensuring this". Prime Minister thanked Saudi Arabian leadership for ensuring that as of now there is a 'balance' in the oil market. Foreign Secretary further said - "In a sense there was an underlining concern conveyed that the instability that is happening in the Gulf should not adversely impact". In the context of oil import by India, he also pointed out that India has already reduced oil import from Iran and Venezuela. "But the subject of Iran as such did not come up for discussions between Prime Minister Modi and the Saudi crown prince," Mr Gokhale clarified.

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