Indian refiners have been seeking crude oil from different parts of the globe to reduce their dependence on the conflict-prone Middle-East region that currently makes up about 60 percent of its imports. “We are keen to explore the new sea route to source crude oil and LNG through Russia’s Arctic. The route has the potential to cut the cost and time for transporting LNG from Russia to India, " Pradhan said.
Pradhan told the media delegation that relations between Russia and India would reach new heights in times to come. “2019 was a landmark year which boosted the bilateral relations between India and Russia to hitherto unscaled heights, " he said.
