Govt will network with major oil buyers to negotiate with sellers

New Delhi: India will work to create a network with other major oil buyers in Asia, such as China, South Korea and Japan, to negotiate better terms with sellers, the country’s Oil Minister Dharmendra Pradhan said in New Delhi on Thursday.

“I see bigger co-operation between four bigger economies of Asia... India will try to create a network between these four economies,” he said.

“All the four major Asian economies should come together. And India will try to create a network for that within the four countries,” he said, referring to a need to have a greater say in importing crude oil from OPEC nations.