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First Ship of Crude Oil
April 17 , 2020
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- The first crude oil of 1 million barrels from UAE have reached India.
- India has an emergency storage of 5.33 million tonnes.
- This would suffice the oil demands of the country for 9.5 days
- The oil reserves are stored in Mangalore, Padur and Vishkhapatnam.
- The Padur oil storage is the biggest of all the three storages.
- India imports 83% of its oil.
- Iraq is India’s largest crude oil supplier meeting one-fourth of the country’s needs.
- Following Iraq, Saudi Arabia is the second largest oil supplier of India.
- USA is the sixth largest oil supplier of India.
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