The US administration has said that with the arrival of first American oil shipment in Odisha this week marks a significant milestone in India-US partnership. The first of a series of new shipments of crude oil from the United States reached Odisha on 2nd of this month.<br/><br/>US State Department spokesperson Heather Nauert told reporters at her daily news conference today that her country considers the increased Indian purchases of US crude oil to be a direct outcome of the June visit of the Prime Minister Narendra Modi to the White House. <br/><br/>She said the leaders at that point talked about expanding and elevating the bilateral energy cooperation through a Strategic Energy Partnership.<br/><br/>This is one of the first shipments to India since the United States stopped oil exports in 1975. According to a US Embassy statement, the US crude oil shipments to India have the potential to boost bilateral trade by up to USD 2 billion.
News On AIR | October 5, 2017 8:46 AM
Oil shipment a significant milestone in India-US partnership: Trump administration