India seeks more crude from Saudi Arabia

New Delhi: India today sought 5 million tons of more crude oil from Saudi Arabia next fiscal as its refiners look at replacing at least 10 per cent crude oil imported from Iran.

"We have sought 5 million tons of more crude oil from Saudi Arabia in 2012-13," Minister of State for petroleum and Natural Gas R P N Singh told reporters after a meeting with Abdul Aziz Bin Salman bin Abdulaziz, Assistant Minister for Petroleum Affairs, Saudi Arabia here.

India currently buys 27 million tons of crude oil per annum from Saudi Arabia while its annual imports from Iran is about 17 million tons. The Saudi Minister said his country has a spare production capacity of 2.5 million barrels per day beyond current output of 9.8 million barrels a day. India also sought more LPG from Saudi Arabia to meet growing energy needs.