MUMBAI -- Indian Prime Minister Narendra Modi will kick off his U.S. visit on Saturday in bid to convince American energy companies such as Exxon Mobil and Schlumberger to supply more oil and gas at possibly discounted prices.
The U.S. resumed oil exports to India in 2017, and now currently supplies the country with about $3.6 billion of crude oil annually. This is much less than the $22.2 billion import bill from Iraq, $21.3 billion from Saudi Arabia, and $12.11 billion from Iran, according to data from the Directorate General of Commercial Intelligence and Statistics.
