India secures 70% of crude oil imports outside Hormuz
after close1 source ↓written by the desknot a recommendation
- from sources outside
- 70% secure
- imports crude
- 40 countries
India’s crude oil supply is now 70% secure from sources outside the Strait of Hormuz, according to the Ministry of Petroleum. The country imports crude from 40 countries, with oil marketing firms securing diverse cargoes. Additionally, two LNG cargoes are en route, enhancing energy security amid regional tensions.
Not investment advice. For informational purposes only.