Saudi Aramco India Office

Shri Dharmendra Pradhan inaugurates Saudi Aramco India Office

Question: Saudi Aramco’s ARAMCO ASIA INDIA office is located at–
(a) Bangalore
(b) Ahmedabad
(c) Gurugram
(d) Noida
Answer: (c)
Related Facts:

  • On October 8th, 2017, Minister of Petroleum and Natural Gas & Skill Development & Entrepreneurship Shri Dharmendra Pradhan inaugurated Saudi Aramco’s ARAMCO ASIA INDIA office in Gurugram jointly with Mr Amin H Al-Nasser, President and CEO of Saudi Aramco.
  • The office is located at Two Horizon Tower, Gurugram.
  • Saudi Aramco through its subsidiary ARAMCO Asia India (AAI) established its formal business presence in India in 2016.
  • AAI would now formally engage in crude oil and LPG marketing, engineering & technical services, and other business development activities.
  • Saudi Aramco’s Office in India will help in strengthening the existing buyer – supplier relationship between the two sides to a strategic partnership in the hydrocarbon sector.
  • ARAMCO India is planning to expand its operation by introducing hydrocarbon sector services functions, including engineering services, IT operations & security and also R&D centre in near future.
  • Saudi Aramco intends to partner with Indian companies and set up integrated business ventures in the hydrocarbon value chain in India including to boost “Make in India” activities.
  • Saudi Arabia is the second largest supplier of crude to India after Iraq and it accounts for about 19% of our crude oil imports and also 29% of LPG imports respectively.
  • During 2016-17, India imported about 39.5 MMT of crude from Saudi Arabia.

Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=171493
http://www.saudiaramco.com/en/home/news-media/news/india-office.html
http://pib.nic.in/newsite/hindirelease.aspx?relid=67542