Not Saudi Arabia, US, India imports most oil from THIS country, offered most help during the Iran-Israel Conflict, the name is…

In view of the rising global uncertainties, the Indian government will continue to pursue the policy of maximizing oil purchases from Russia.

Jun 25, 2025 - 12:30
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Not Saudi Arabia, US, India imports most oil from THIS country, offered most help during the Iran-Israel Conflict, the name is…

New Delhi: The Narendra Modi authorities pale to import barely 0.50 p.c of its oil from Russia earlier than February 2022. Alternatively, the volume rose vastly in 2025 to 30–35 p.c. In step with the officials from the Ministry of Petroleum, Russia has now established itself as one of India’s key oil suppliers. In step with the experiences, essentially the most new field is seemingly to persist within the approaching days as successfully. Right thru the last three years—whether at some point soon of the Syria warfare, the Gaza warfare, or the continued Iran-Israel tensions—India has no longer faced any field in sourcing oil from Russia.

In peek of the rising international uncertainties, the Indian authorities will continue to pursue the policy of maximizing oil purchases from Russia. Each and every non-public and non-non-public oil companies in India are actively taking part with Russian suppliers to expand oil procurement.

Authorities Oil Companies Making prepared Experiences

In step with the experiences, a group comprising officials from the Top Minister’s Relate of business, the Ministry of Finance, the Ministry of Commerce, and the Ministry of Petroleum is assessing essentially the most new put of living of petroleum products within the country, the instruct of oil imports, and the availability of domestic reserves. It is miles severe to show that the crude oil field within the international market is being reviewed at a excessive level within the authorities.

The authorities oil companies are additionally reportedly making prepared each day experiences. There are indications that, given the continued volatility in international crude oil costs, India is in talks to aquire more oil from Latin American and African international locations.

Procuring for Extra Oil from Other Countries

The Hardeep Singh Puri-led Petroleum Ministry has talked about that India aims to no longer handiest aquire crude oil on an ideal scale from international locations esteem Russia and the us but additionally lengthen imports from nations equivalent to Nigeria, Mexico, Angola, and Guyana. Given the field within the Heart East, supplies from Iraq, Saudi Arabia, and the UAE would be affected to a pair extent. India, currently, sources roughly 35% of its crude oil from Russia, 19% from Iraq, 14% from Saudi Arabia, 10% from the UAE, and 5% from the us.

India’s concerns lengthen

In the one year 2025, India grew to change into the third-largest oil-importing country on this planet because it bought 5.1 million barrels of oil each day. India imports nearly 86 p.c of its crude oil necessities from out of the country. Attributable to this, any international reveal linked to crude oil costs or present leads to elevated reveal for India.

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