New Delhi: Oil minister Dharmendra Pradhan is expected to drive a hard bargain at the Opec ministerial meeting in Vienna on May 25.
It should be noted that PNG Minister Dharmendra Pradhan reached in Vienna, Austria and today joined 2nd India-OPEC institutional dialogue. He met Secretary General of OPEC and exchange views during India-OPEC Institutional Dialogue in Vienna.
Secretary General of OPEC briefed Minister Pradhan about their efforts for price stabilisation of crude oil, including their cooperation with non-OPEC countries for this.
Minister Pradhan had delegation level talks with SG & his technical team.Indian side had all 7 Refiners including IOCL, HPCL,BPCL,MRPL, Reliance, Essar, HMEL. Raised issue of Asian Premium still being charged from us by few OPEC countries;asked for ‘Responsible Price’ & ‘seller-buyer alignment’.
For the first time, India’s oil minister will have representatives of all Indian refiners, including private sector Reliance Industries Ltd and Essar Oil, lining up behind him at an Opec ministerial meet for effect.