https://sputniknews.in/20240305/russia-to-remain-a-major-oil-supplier-for-india-petroleum-minister-6742013.html
Russia to Remain a Major Oil Supplier for India: Petroleum Minister
Russia to Remain a Major Oil Supplier for India: Petroleum Minister
Sputnik India
Russia's oil supply to India has been consistent last year and the trend is expected to remain the same even during the year ahead. India imports as much as 88 percent of its oil needs.
2024-03-05T18:49+0530
2024-03-05T18:49+0530
2024-03-05T18:49+0530
business & economy
russia
india
energy prices
energy security
oil exporters
russian oil price cap
indian oil corporation ltd
global oil production
russian oil
https://cdn1.img.sputniknews.in/img/07e7/08/09/3498363_0:0:3369:1896_1920x0_80_0_0_9f34f9363979d16de174dc12039cda62.jpg
India receives from 1 to 1.4 million barrels of Russian oil per day out of its total energy imports of 5 million barrels per day, an Indian energy official has said.That volume of imports was registered last year and remains the same this year, Pankaj Jain, Secretary in the Ministry of Petroleum and Natural Gas, told Russian media.In total, India imported 85 to 88 percent of its energy last year, the Indian official added.Jain also explained that there is "some flexibility" in oil supply volumes from month to month."They sensationalize some news," he said.Earlier, Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri said that India is always ready to import energy resources from Russia and there is no talk of reducing purchases."Trade between the Russian Federation and India in the energy sector has always been very positive.” Puri said, adding that he had read a "misleading headline" in the media that “Oil imports from Russia hit record low.”
https://sputniknews.in/20240301/india-could-count-on-russian-icebreakers-to-ensure-year-round-trade-along-northern-sea-route-6710745.html
russia
india
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2024
Sushil Kumar
https://cdn1.img.sputniknews.in/img/07e7/0a/14/4972259_0:0:613:612_100x100_80_0_0_f89d4c7eaa17d23ebb41934f3e07e508.jpg
Sushil Kumar
https://cdn1.img.sputniknews.in/img/07e7/0a/14/4972259_0:0:613:612_100x100_80_0_0_f89d4c7eaa17d23ebb41934f3e07e508.jpg
News
en_IN
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sushil Kumar
https://cdn1.img.sputniknews.in/img/07e7/0a/14/4972259_0:0:613:612_100x100_80_0_0_f89d4c7eaa17d23ebb41934f3e07e508.jpg
india, russia, oil imports, western media, ministry of petroleum & natural gas, hardeep singh puri,
india, russia, oil imports, western media, ministry of petroleum & natural gas, hardeep singh puri,
Russia to Remain a Major Oil Supplier for India: Petroleum Minister
Russian oil sales to India have been consistent over the past year, and the trend is expected to remain the same even during the year ahead. India imports as much as 88 percent of its oil needs.
India receives from 1 to 1.4 million barrels of Russian oil per day out of its total energy imports of 5 million barrels per day, an Indian energy official has said.
That volume of imports was registered last year and remains the same this year, Pankaj Jain, Secretary in the Ministry of Petroleum and Natural Gas, told Russian media.
“Out of the 5 million barrels per day that we get from around the world, approximately 1 to 1.4 million barrels come from Russia. This happened last year and continues this year,” Jain said.
In total, India imported 85 to 88 percent of its energy last year, the Indian official added.
Jain also explained that there is "some flexibility"
in oil supply volumes from month to month.
“There are ups and downs. We have summer and winter, in some months we need more [oil], in others less,” he noted, saying Western media reports of decrease in supply from Russia were unreliable.
"They sensationalize some news," he said.
Earlier,
Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri said that India is always ready to import energy resources from Russia and there is no talk of reducing purchases.
"Trade between the Russian Federation and India in the energy sector has always been very positive.” Puri said, adding that he had read a "misleading headline" in the media that “Oil imports from Russia hit record low.”
