: India, the world’s third-largest oil importer and fourth-biggest gas buyer, has enough
energy supplies to meet requirements for several weeks and continues to receive supplies from several routes, Oil Minister Hardeep Singh Puri said amid escalating tensions in the globe’s biggest energy supply regions.
In a post on X, the minister said the government has been “closely monitoring the evolving
geopolitical situation in the Middle East since the past two weeks.” “Under the leadership of PM @narendramodi Ji, we have
In a post on X, the minister said the government has been “closely monitoring the evolving geopolitical situation in the Middle East since the past two weeks.” “Under the leadership of PM @narendramodi Ji, we have diversified our supplies in the past…few years and a large volume of our supplies do not come through the Strait of Hormuz now,” he said.
The Strait of Hormuz, which Iran is threatening to shut down following US strikes on its nuclear facilities, is an important transit for oil coming from the Middle East.
About 2 million barrels per day (bpd) of crude oil out of India’s total import of 5.5 million bpd transits through the narrow waterway. However, India has diversified sources — from Russia to the US and Brazil — which can readily fill any void.