Indo-Arabian relations

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India to train Myanmar Navy
Indian Navy will set up meteorological facilities and impart training for the Myanmar Navy. This was agreed upon during a recent visit of a Myanmar delegation to Kochi. Myanmar will soon send a proposal with its requirements.
This fits into India’s overall effort to boost strategic cooperation under the ‘Act East’ policy and will help offset increasing Chinese presence in its neighbourhood.
The three-member Myanmar Navy delegation was on a four-day visit to Kochi from February 26 to March 2. “The visit is primarily aimed at familiarising the officers on Indian Naval Meteorology and Oceanography (METOC) operational/training facilities and exploring avenues for defence co-operation in the field,” the Navy said in a statement.
The Navy said the delegation also called on the Chief of Staff, Southern Naval Command (SNC), Rear Admiral R.J. Nadkarni, who “assured them all assistance in terms of training and setting up of meteorological facilities for the Myanmar Navy.”
“He requested the delegation to send a proposal for the SNC to take up the same with higher authorities,” the Navy stated.
As a prelude to the cooperation, the delegation was given a tour of the Indian Naval Meteorological and Analysis Centre (INMAC), as well as the School of Naval Oceanology and Meteorology (SNOM).
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Abu Dhabi oil company hires India's strategic oil storage
ADNOC headquarters in Abu Dhabi
India on Monday signed an initial pact to lease out a part of its underground strategic oil storage at Padur in Karnataka to Abu Dhabi National Oil Co (ADNOC) for storing crude oil, the second such deal with the UAE firm this year, Oil Minister Dharmendra Pradhan said.
India has built 5.33 million tonne (MT) of emergency storage—enough to meet its oil needs for 9.5 days, in underground rock caverns in Mangalore and Padur in Karnataka and Visakhapatnam in Andhra Pradesh. It has allowed foreign oil companies to store oil in the storages on condition that the stockpile can be used by New Delhi in case of an emergency.
ADNOC had in February this year signed a pact to fill half of the 1.5 MT strategic oil storage at Mangalore. On Monday it signed a similar pact for Padur.
"ISPRL (Strategic Petroleum Reserve entity of India) and ADNOC of UAE signed MoU to explore possibilities of ADNOC investment in filling up of crude oil in Padur strategic reserve in Karnataka," Pradhan, who is in Abu Dhabi for the agreement signing, tweeted.
The agreement allows ADNOC to sell or trade crude oil storage in the storages to local refiners but give Indian government the first right to the oil in case of an emergency.
"ADNOC signs MoU with the Indian Strategic Petroleum Reserves Ltd (ISPRL), to explore storage of crude oil at Padur underground facility in Karnataka, which has a 2.5 MT (about 17 million barrels) capacity," the UEA firm tweeted.
Official sources said the pact followed the Cabinet's last week decision of approving filling up of the underground strategic oil storage at Padur by foreign oil companies.
While a third of the Visakhapatnam facility has been hired by Hindustan Petroleum Corp Ltd (HPCL), ADNOC and government of India filled the storage at Mangalore. The 2.5 MT Padur facility remained empty.
Allowing foreign companies to use the storage for storing crude oil helps the government save on the cost of filling the reserves. Law and IT Minister Ravi Shankar Prasad had after the Cabinet meeting on November 8 said that allowing foreign companies to store oil in Padur would help the government save Rs 10,000 crore.
UAE Oil Minister Sultan al-Jaber said:"India is an important oil market and the agreement with ISPRL underscores the strategic energy partnership between the UAE and India that leverages the UAE and ADNOC's expertise and oil resources."
ADNOC in another tweet quoted Pradhan as saying that "the MoU with ADNOC will allow ISPRL to explore opportunities related to the possible storage of ADNOC crude at Padur, which would help to significantly strengthen the country's strategic petroleum reserves."
The ISPRL has constructed and commissioned underground rock caverns for storage of total 5.33 MT(around 39 million barrels) of crude oil at three locations—Vishakhapatnam (1.33 MT), Mangalore (1.5 MT) and Padur (2.5 MT).
Padur storage has four compartments of 0.625 MT each and ADNOC may use half of the storage capacity for stocking its oil.
The total 5.33 MT capacity under Phase-I of the Strategic Petroleum Reserve (SPR) programme is estimated to supply about 9.5 days of India's crude requirement.
In Mangalore, it had agreed to stock 5.86 million barrels of 0.75 MT of oil.
In Phase-II, India plans to build an additional 6.5 MT facilities at Chandikhol in Odisha and Padur, which is expected to augment the emergency cover against any supply disruption by another 11.5 days.
Sources said oil firms like ADNOC could use the Padur storage to stock their oil and sell it to refineries in the region on commercial terms.
India, which meets 83 per cent of its oil needs through imports, will have the right of first refusal to buy the crude oil stored in the facilities in case of an emergency, they said.
Indian refiners maintain 65 days of crude storage, and when added to the storage planned and achieved by ISPRL, the Indian crude storage tally goes up to about 87 days. This is very close to the storage of 90 days mandated by IEA for member countries.
ADNOC had last year given up its crude storage lease in South Korea and instead agreed to store oil at Mangalore in a bid to establish a ground presence in the world's third-largest oil consuming nation.
Out of the crude stored, a part would be used for commercial purposes by ADNOC, while a major part would be purely for strategic purposes.
The Visakhapatnam facility can meet two-and-half days need while Mangalore can meet 2.8 days requirement. Padur can meet 4.7 days requirement.
The SPR at Mangalore consists of two compartments with a total storage capacity of 1.5 MT (11 million barrels). While one compartment has been filled with crude oil through funds made available by the government, the other compartment will be filled with crude supplied by ADNOC.
ADNOC hired the Mangalore storage just as it ended a contract to store 6 million barrels of crude oil at Korea National Oil Corp's Yeosu facility in the country's southwest coast.
South Korea had first right over the oil in the event of a supply emergency.
 

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Saudi Arabia ready to help India to meet its growing energy demands: Prince to PM Narendra Modi
The two leaders met at Salman's residence in the Argentinian capital Buenos Aires on the sidelines of the G-20 summit.
BUENOS AIRES: Saudi Arabia has offered India to supply oil and petroleum products it needs to meet its growing energy demands during a meeting between Prince Mohammed bin Salman bin Abdulaziz and Prime Minister Narendra Modi, official Saudi media reported on Friday.
The two leaders met at Salman's residence in the Argentinian capital Buenos Aires on the sidelines of the G-20 summit.
During the meeting, the two sides discussed the horizons of bilateral cooperation between the two friendly countries in the various political, security, economic, investment, agricultural, energy, cultural, and technological fields, Saudi Press Agency reported.
In the investment field, they discussed the investment opportunities in the infrastructure through the Public Investment Fund, as well as opportunities in the agricultural field with the aim of replacing agricultural imports from other countries to the kingdom with Indian agricultural imports.
In the field of energy, they discussed the kingdom's readiness to supply India with all of its needs of oil and petroleum products, as well as Saudi Aramco's investment in refineries in India, especially the large refinery on the western coast of India and in the field of crude oil storage, the report said.
The import of crude oil by India forms a major component of bilateral trade with Saudi Arabia being India's one of the largest suppliers of crude oil, accounting for almost one-fifth of its needs.
India has a refining capacity of 232.066 million tonnes, which exceeded the demand of 194.2 million tonnes in 2016-17 fiscal.
According to the International Energy Agency, this demand is expected to reach 458 million tonnes by 2040.
During the meeting, the two leaders also discussed investment in solar energy through the Soft Bank Vision Fund and through the Saudi companies which will build solar energy projects.
In the military field, they discussed strategies to localise military industry and cooperation in the field of military manufacturing in both countries, the report said.
They also reviewed what has been accomplished during the previous two years in the area of bilateral relations.
The two sides reviewed the available opportunities to export the Saudi non-oil products to India, and ways to develop bilateral trade through sustainable arrangements, especially in strategic commodities such as Saudi fertilizers as well as promoting the exchange of investment in the industrial sector, it said.
 

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Blow For Pakistan; Saudi Arabia To Recognize India’s Kashmir Territories In New Map – Reports
Published
18 hours ago
on
November 22, 2020
By
Younis Dar




The Kingdom of Saudi Arabia could decide to ‘correct’ the ‘distorted’ map on its 20 Riyal banknote at the requests of the Indian government, reports indicated. Adding that Saudi Arabia is also likely to withdraw the banknote soon, reports said the two sides had reached a consensus on India’s position in Jammu & Kashmir.

As first reported by EurAsian Times last month, Saudi Arabia had released a 20 Riyal banknote to commemorate its presidency of the G-20 summit on 21-22 November 2020. The backside of the note had angered both India and Pakistan as the map showed the whole of Jammu and Kashmir, including Pakistan-controlled Kashmir as a separate territory altogether. The map also did not show Gilgit-Baltistan as part of Pakistani territory.



The territory of Kashmir is disputed between India and Pakistan for the past 70 years, and Saudi Arabia seems to have ignored the claims of both the neighbors over the Kashmir region, even neglecting the concerns of its long-time ally Pakistan.

But now there are all the indications of the Kingdom endorsing India’s claim on the territories of Jammu & Kashmir by releasing a new map. Considering the relations between the two countries are reaching new heights, with commercial transactions happening in billions, through trade and mutual investments, Saudi Arabia is expected to officially acknowledge India’s claims on the Kashmir territory.
The ties between India and Saudi Arabia have grown exponentially in recent times. Prime Minister Narendra Modi in October last year visited Riyadh, signing the Strategic Partnership Council Agreement, which identifies India as Saudi Arabia’s strategic partner country under ‘Vision 2030.’
Saudi Arabia has given clear indications of where its priorities lie, which is India. The kingdom is slated to invest 15 billion USD in India’s Reliance Industries, as reported by Economic Times on 10 August 2020. Then there is the investment of around 60 billion USD in an oil refinery in India by the Kingdom, other than a plethora of other high-value investments into various Indian companies.


Mohamad bin Salman and Narendra Modi

On the other hand, the relations of Saudi Arabia with Pakistan have hit a new low after a slew of political and geopolitical tensions this year. The Kingdom has repeatedly refused to endorse the position of Pakistan on Kashmir on multiple international platforms, resulting in criticism of its foreign policy from Pakistani leaders.

The tensions had reached a stage where Saudi Arabia decided to end a loan and associated oil supplies to the cash-strapped country after Islamabad criticized the Kingdom on its Kashmir stand in the Organization of Islamic Countries (OIC).

The new geopolitical developments have worsened this division, however, once Joe Biden takes an oath in January, Saudi Arabia may not enjoy the backing it did under Trump’s regime, which could force it to tone down its rhetoric. The ongoing G20 Summit is going to throw up some interesting news about the power divisions underway across the world, and a consensus on Kashmir.

https://eurasiantimes.com/saudi-bom...ReglQhOAXjL_aTjiDbSSTB98oKrSl1-qHA047kGyACr8A
 

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Ramayana-Mahabharata is being taught in Saudi Arabia, where Islam was born
Islamic Nation saudi Arabia has begun to mold itself in the midst of the changing global landscape. The Muslim country has launched a new “Vision-2030” for the educational sector, in which students are also being taught the history and culture of other countries under cultural courses.


It also includes Ramayana and Mahabharata as courses. So that Saudi can stand itself in the competition of global development. According to Saudi’s “Vision-2030”, the English language will be included as a necessary language, as it is considered a good medium of communication.

 

Tshering22

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This is big! Saudis are on a roll here. I wonder how badly will our human rights record drop now. :lol:

India-Saudi Arabia considering trade in Rupee-Riyal

India has initiated talks with Saudi Arabia for rupee-riyal trade even as the oil-rich West Asian nation is committed to investing $100 billion in India, and cooperate in joint projects such as a west coast refinery, liquefied natural gas infrastructure, and strategic petroleum storage facilities, an official said.

After the Reserve Bank of India in July permitted international trade settlements in rupee, many countries, including Russia and Iran, are exploring options to trade in local currencies, the official aware of the development said, requesting anonymity. “RBI has opened up one more payment option for international trade settlement, which is possible bilaterally,” he said.

Commerce Minister Piyush Goyal, who held meetings with key officials of Saudi Arabia during his two-day visit to the kingdom on September 18-19 discussed bilateral trade and investment related issues, the official said. The two partners are also keen to cooperate in the fields of both conventional and green energy, he said.

Saudi Arabia is a reliable energy supplier for India, which imports 85% of its crude oil and 54% of natural gas requirements and pays in US dollars. “These meetings are important for India’s energy security,” the official said.
Goyal held meetings on “diversification and expansion of trade and commerce, removal of trade barriers, including the outstanding issues related to sanitary and phytosanitary measures and trade remedies, automatic registration and marketing authorization of Indian pharma products in Saudi Arabia, feasibility of institutionalising Rupee-Riyal trade, introduction of UPI and Rupay cards in Saudi Arabia,” the commerce ministry said in a statement.

In a series of tweets, Goyal said he had positive meetings with top Saudi ministers. “Met HRH Prince Abdulaziz bin Salman Al Saud, Minister of Energy, Saudi Arabia. Discussed how energy security with climate change sensitivity can deliver economic growth & prosperity. Deliberated on stronger partnership in renewable energy between our two countries,” he said in a tweet on Monday.

He was in Saudi Arabia to attend the ministerial meeting of the India-Saudi Arabia Strategic Partnership Council.
“Had a fruitful meeting with H.E. Dr. Majid bin Abdullah Al-Kassabi, Minister of Commerce, KSA. Discussed ways to attract greater investment & further diversify bilateral trade to boost economic ties between India & Saudi Arabia,” Goyal tweeted after the meeting.

The ties between the two country’s have been strengthened since 2019, when Prime Minister Narendra Modi visited Saudi Arabia, the official said, adding that the visit started Saudi Aramco’s plan to participate in a major refinery cum petrochemical project on India’s west coast.

The October 2019 visit was Modi’s second to the kingdom in three years. The first visit was in April 2016. During his second visit, a number of memoranda of understanding were signed in areas such as energy, civil aviation, defence and the launch of RuPAY cards.

Goyal and Saudi energy minister also co-chaired the ministerial meeting of the Committee on Economy and Investments of the India-Saudi Arabia Strategic Partnership Council. The council was instituted in October 2019. It has two main pillars – the political, security, social and cultural committee, and the committee on economy and investments.

Some of the major outcomes of the ministerial meeting were streamlining efforts to realise the investments worth $100 billion in India as committed in 2019, endorsement of the 41 areas of cooperation identified by the technical teams under the four broad domains (agriculture and food security; energy; technology and IT; and industry and infrastructure), agreement to undertake implementation of the priority projects (digital fintech sector) in a time bound manner and reaffirmation of continued cooperation in energy projects, the ministry statement said.

Goyal also met Khalid Al-Salem, president of Royal Commission of Jubail and Yanbu, Saad Al-Khalb, CEO of Saudi EXIM Bank, and other senior officials of Saudi Arabia.

Discussions were held on a wide range of topics such as institutional tie-up of the EXIM banks of the two countries, joint projects in third countries, mutual recognition of standards, establishment of startup and innovation bridge, strengthening collaboration in infrastructure development, particularly in the domains of construction, railways, industrial and manufacturing collaboration in pharmaceuticals, automobiles, petrochemicals, specialty chemicals, technical textiles, mining and increasing project exports from India.

“Had a productive meeting with H.E. Mr. Khalid Al-Salem, chairman of the Royal Commission for Jubail & Yanbu, Saudi Arabia. Identified a range of mutually beneficial opportunities to further strengthen economic cooperation between the two countries,” Goyal tweeted.

During the visit, Goyal also participated in a CEO round-table with prominent businessmen in Saudi Arabia. Discussions focused on encouraging increasing exports from India, facilitating inward investments into India, innovative ways and means of deepening and broad basing bilateral economic linkages, the statement said.

“Had an enriching interaction with CEOs of companies from different sectors in Saudi Arabia. Delighted to see their enthusiasm towards further strengthening trade & investment linkages between the two countries,” Goyal said in another tweet.
 

ezsasa

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So MBS was in India for three days, today is saudi state visit to India.
have to wonder what it must be like, being a 38 year old trillionaire.
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Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, accorded ceremonial welcome at Rashtrapati Bhavan.

 

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Was surprised to note that the Ottoman Railway linking Damascus to Mecca via Jeddah which was destroyed by T.E . Lawrence aka Lawrence of Arabia was partially financed by money raised by who else by our desi Miyabhais.
 

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News over here has reported that India has an alternate name. supposedly Bharat. If you read that word right to left like in Arabic, Hebrew and Chinese you get, T Ara(h)b aka t Arab.

With that "new" name the accolades Modi receives and increased ME/India ties make sense. Return of the Mughals aka the we're so rich Moguls.
 

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