Economy · World
India Reduces Dependence on Middle Eastern Oil Supply
2 sourcesFirst reported 22 days agoUpdated 22 days ago
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What all sources covered
- India's state oil refiners aim to lessen dependence on Middle Eastern oil.
- The shift follows supply disruptions due to the Iran war.
- Refiners are exploring spot-market purchases and immediate contracts.
- India will diversify its oil sources, including from Guyana, Brazil, and the USA.
- Strategic oil reserves are being developed to meet domestic needs.
2 sources
Who reported first
BloombergFirst
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