India’s non-Hormuz crude sourcing has increased to 70% of imports, oil minister says

India has increased its non-Hormuz crude imports to 70% of total crude supplies, securing its crude supply position.

Source: Reuters (via feed)




India’s sourcing of non-Hormuz crude has increased to 70% of its total crude imports, Oil Minister Hardeep Singh Puri said in parliament on Thursday. He added that India’s current crude supply position is secure.

The minister’s statement was made during a parliamentary session addressing energy matters.

BizTrendWire Insight:

The information on crude sourcing and supply security may be relevant for businesses tracking India’s energy procurement. It provides a factual update on India’s crude import distribution.


Read full story on Reuters

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