SUBSCRIBE
PROFILE

Modi strengthens Indo-Saudi energy partnership during visit to Jeddah

Narendra Modi is on an official visit to Saudi Arabia to consolidate energy and trade ties between India and Riyadh, a key strategic supplier of crude oil to New Delhi.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

Indian Prime Minister Narendra Modi has begun a two-day official visit to Saudi Arabia, marking his third trip to the kingdom since 2014. This diplomatic mission aims to deepen a strategic partnership based on energy supply, trade exchanges, and the presence of a large Indian community in the Gulf region.

Crude oil imports and sectoral cooperation

India’s rapidly growing economy relies heavily on crude oil imports to meet rising domestic demand. According to data from the Ministry of External Affairs (India), Saudi Arabia ranks as India’s third-largest crude supplier. This energy link stands at the core of the Indian Prime Minister’s agenda in Jeddah.

In a statement released by his office, Narendra Modi highlighted the “strategic and dynamic” nature of the bilateral relationship. Scheduled talks include discussions on supply volumes, price stability, and cooperation on joint industrial projects. Riyadh is also seeking increased Indian investment in national infrastructure under its Vision 2030 initiative.

Labour mobility and financial transfers

Beyond trade, the relationship is reinforced by the presence of over two million Indian workers in Saudi Arabia, according to the 2022 Saudi census. This group forms the second-largest foreign community in the kingdom after Bangladeshi nationals.

These workers play a significant role in building the large-scale projects promoted by Crown Prince Mohammed bin Salman, and their remittances are a vital source of income for numerous families in India. Narendra Modi is expected to meet with members of the Indian community during the visit.

Diplomatic alignment and international trade

This visit comes amid a busy diplomatic calendar for New Delhi, which recently hosted U.S. Vice President JD Vance to negotiate a trade agreement aimed at avoiding a 26% tariff on Indian exports to the United States.

Furthermore, the upcoming visit of the U.S. President to Saudi Arabia, scheduled for May, amplifies the strategic relevance of this round of bilateral meetings. The previous ties of both Narendra Modi and Mohammed bin Salman with former President Donald Trump add a geopolitical layer to the energy and trade-focused discussions.

  • Popular on energynews.pro
United States: Senate confirms two nominees, shifting FERC to Republican majority
Iberdrola adds 708 MW of solar capacity to joint venture with Norges Bank
EDF power solutions and El Paso Electric launch 150 MW solar facility in New Mexico
TotalEnergies sells Norwegian oil assets to Vår Energi to reduce debt
Oil rises 1.3% after limited OPEC+ output increase
Saudi companies to launch 500 MW of energy projects in Syria
Al-Harfi and SCLCO signed agreements with Syrian authorities to develop solar and wind capacity, amid an ongoing energy rapprochement between Riyadh and Damascus.
Thailand and Japan boost US crude imports amid geopolitical tensions
Faced with risks to Middle Eastern supply chains, Thai and Japanese refiners are turning to US crude, backed by tariff incentives and strategies aligned with ongoing bilateral trade discussions.
Macron urges Europe to act against Russian shadow fleet after offshore seizure
France intercepted a tanker linked to Russian exports, prompting Emmanuel Macron to call for a coordinated European response to hinder vessels bypassing oil sanctions.
UN sanctions on Iran reactivated, increased pressure on trade
The activation of the snapback mechanism reinstates all UN sanctions on Iran, directly affecting the defence, financial and maritime trade sectors.
European Union strengthens energy cooperation with Greenland
Commissioner Dan Jørgensen visits Greenland to expand energy ties with the European Union, amid plans to double EU funding for the 2028–2034 period.
European and Iranian ministers meet in New York to avoid return of sanctions
European and Iranian foreign ministers meet in New York to try to prevent the reinstatement of UN sanctions linked to Tehran’s nuclear programme.
Canada and Mexico launch strategic partnership focused on energy and infrastructure
Canadian Prime Minister Mark Carney announces a bilateral agreement with Mexico including targeted investments in energy corridors, logistics infrastructure and cross-border security.
Trump urges NATO to halt all Russian oil purchases by member states
The US president has called for an immediate end to Russian oil imports by NATO countries, denouncing a strategic contradiction as sanctions against Moscow are being considered.
Iran withdraws nuclear resolution under US financial pressure
Tehran withdrew a resolution denouncing attacks on its nuclear facilities, citing US pressure on IAEA members who feared suspension of Washington’s voluntary contributions.
Poland urges European Union to end Russian oil imports by 2026
Poland’s energy minister calls on European Union member states to collectively commit to halting Russian oil purchases within two years, citing increasing geopolitical risks.
Greece and Libya resume talks on maritime delimitation
Athens and Tripoli engage in a negotiation process to define their exclusive economic zones in the Mediterranean, amid geopolitical tensions and underwater energy stakes.
Paris, Berlin and London give Iran ten days to avoid reinstated sanctions
European powers demand concrete steps from Tehran on nuclear issue or United Nations sanctions will be reinstated, as IAEA inspections remain blocked and tensions with Washington persist.
European Union maintains 2028 deadline to end Russian gas imports
Brussels confirms its target to end all Russian energy imports by 2028, despite growing diplomatic pressure from Washington amid the ongoing conflict in Ukraine.
Trump links new sanctions against Moscow to halting Russian oil in NATO
Donald Trump threatens to escalate US sanctions against Russia, but only if NATO member states stop all Russian oil imports, which remain active via certain pipelines.
Italy and United States seal LNG partnership to secure European supply
The two countries agreed to develop infrastructure dedicated to liquefied natural gas to strengthen Europe's energy security and boost transatlantic trade.
Iran seeks to revive oil production amid threat of renewed sanctions
Ayatollah Ali Khamenei calls for modernising the oil industry and expanding export markets as Tehran faces the possible reactivation of 2015 nuclear deal sanctions.
Zelensky urges Slovakia to stop buying Russian oil via Druzhba pipeline
The Ukrainian president demanded that Slovakia end its imports of Russian crude, offering an alternative supply solution amid ongoing war and growing diplomatic tensions over the Druzhba pipeline.
Washington lowers import duties and opens the door to $550 billion Japanese investments
The United States cuts tariffs on Japanese imports to 15%, while Tokyo launches a massive investment plan targeting American energy, industry, and agriculture.
Brazil bets on Cop 28 to shape the diplomatic agenda of Cop 30
Brazil’s Cop 30 presidency aims to leverage the Dubai commitments to mobilise public and private actors despite ongoing deadlock in international negotiations.
Brazil requests full membership in the International Energy Agency
Brasília has officially begun the process of joining the International Energy Agency, strengthening its strategic position on the global energy stage after years of close cooperation with the Paris-based organisation.