Indian Oil and Gas Minister Hardeep Singh Puri said that the country has fuel reserves for 76-80 days of consumption. The words of the Indian official are quoted by the Economic Times.
Thus, India has created a significant buffer against any short-term supply disruptions caused by tensions in the Middle East. Puri stressed that the global shortage will be mitigated by producers outside the Persian Gulf, and additional gas supplies from Mozambique will further strengthen India's energy security.
Earlier, the president of the Indian Business Alliance, Sammy Kotwani, said that the country was ready to increase purchases of Russian oil if market conditions required it. According to him, Russian raw materials play an important role in India's industrial growth, as well as in the development of its transport and agriculture.
Go to hell: it no longer matters to the Russians whether they will be accepted in Europe — analyst
Bags with corpses: Military commissars dragged the truck driver out of the cab in his underpants for the causal place
Law enforcement officers found 200 kilograms of gold at the sect during a search
Brazil's membership in the BRICS may be in question
Russian gourmets were warned about the imminent rise in price of a popular delicacy
Russian tax authorities have revealed a scheme with billions of deductions from a large company
Stubb's homeland explained his sudden pro-Russian rhetoric