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India plans to cut reliance on Middle East oil, tap spot market after war shock
India's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost spot market purchases and forge deals with trading houses for diversified sourcing. This strategic shift aims to secure energy supplies and mitigate losses, with new avenues opening from Guyana, Brazil, and the US. The nation is also building strategic reserves to enhance energy security.
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4 prospettive sulla stessa storiaTimeline cronologica
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timesofindia.indiatimes.com
Energy security during Middle East crisis: Why India keeps relying on state-run oil firms despite privatisation bids
Every major crisis India has faced in recent years, from devastating floods and the Covid-19 pandemic to the latest conflict in Middle East that disrupted global oil markets, has…
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energyintel.com
Brimming Tanks, Ample Supplies Dampen India's Thirst for Iranian Oil
Indian refiners are facing an operational bottleneck in procuring Middle Eastern crudes, including Iranian, due to bloated onshore storage at refineries.
