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Saudi Arabia Amy said Wednesday that investing in India is its top priority and expects its oil demand to rise to 8.2 million barrels a day by 2040.
"India is the focus of Saudi Ami's investment," Chief Executive Amine Nasser said at a panel discussion in New Delhi.
Nasser was accompanied by Saudi Arabian Crown Prince Mohamed bin Salman on a one-day visit to India.
Invited by Prime Minister Narendra Modi, the prince, MBS, is in India with leading Saudi businessmen and corporate representatives.
Nasser said India currently buys about 800,000 barrels of Saudi Arabian oil a day.
"India wants a closer relationship with Saudi Arabia," said Sanjiv Singh, chairman of India Oil Corp Ltd., India's largest state-owned oil refiner.