UAE quitting OPEC was significant, weakening of any cartel good for India, says former envoy Sanjay Sudhir
New Delhi, May 14 -- Noting that the UAE is India's anchor energy partner in the Gulf region and the ties have moved well beyond a buyer-seller relationship, former Indian Ambassador to the UAE Sanjay Sudhir has said that Abu Dhabi quitting OPEC was a very significant decision and weakening of any cartel is good in terms of India's energy needs.
In an interview with ANI ahead of Prime Minister Narendra Modi's visit to the UAE as part of his five-nation tour, Sanjay Sudhir said there would likely be understanding for augmenting supplies of LPG from the UAE on a consistent basis.
Asked about the UAE quitting OPEC and its impact on energy relations, Sanjay Sudhir said the weakening of any cartel is beneficial for India.
"UAE quitting OPEC...
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