India hopes to sign energy deals with Saudi Arabia that include its participation in India's strategic petroleum reserve, during Prime Minister Narendra Modi's visit to the kingdom next week, a government official said on Thursday.
Modi will be speaking at the investment summit organized by Saudi Arabia's Public Investment Fund. The event is popularly known as Davos of the Deserts.
"We are well on our way to transforming the buyer-seller relation in this sector to a larger strategic partnership," said T.S. Tirumurti,.