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India’s top oil supplier
March 8 , 2018
2326 days
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- Iraq has overtaken Saudi Arabia to become India’s top crude oil supplier, meeting more than a fifth of the country’s oil needs in the current financial year.
- It is notable that Saudi Arabia traditionally has been India’s top oil supplier.
- Iran, for the second year in a row continued to be the third largest supplier.
- Venezuela is India’s fourth largest supplier, followed by Nigeria.
- India is 80% dependent on imports to meet its oil needs.
- India’s dependence on West Asia for its crude oil need has increased from 58% in 2014-15 to 63.7% in April-January period of this fiscal.
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