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    India's asks Saudi Arabia to raise oil supply-min

    NEW DELHI, Feb 23 (Reuters) - India has asked Saudi

    Arabia to raise oil supplies by 4-5 million tonnes every year as

    the country is expanding its refinery capacity to meet growing

    consumption, Oil Minister S. Jaipal Reddy said on Thursday.

    "It has no relation to any other country, including Iran,"

    Reddy said, adding that Tehran will supply almost similar volume

    of crude in the next fiscal year that starts in April.

    India has sought an extra 100,000 barrels per day (bpd) from

    Saudi Arabia, the world's biggest oil producer, for 2012/13, the

    Indian junior oil minister said, as a replacement for a cut in

    supplies from sanctions-hit Iran.

    (Reporting by Nidhi Verma; Editing by Ranjit Gangadharan)

     

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