ABU DHABI (Reuters) – Indian Oil Corp, the country’s top refiner, is in talks with oil major Rosneft to explore possibility of importing Russian oil, its chairman Sanjiv Singh said on Tuesday.
“We have taken very small quantities from Russia in the past which cant be considered significant so we are trying to explore if we can increase the Russian crude volume coming to India…We are in discussion with Rosneft and we are hopeful that something should work,” Singh told reporters at an energy conference.
Oil minister Dharmendra Pradhan said late on Monday that India is open to importing oil from Russia.
India, the world’s third-biggest oil importer and consumer, ships in about 60% of its overall crude needs from the middle eastern countries. The nation is gradually tapping new sources to hedge itself against geopolitical risks.
Source: REUTERS
Image Courtesy:Scroll
You may also like
-
Centre Raises Wheat Procurement Target to 34.5 Million Tonnes to Protect Rain-Hit Farmers
-
India and Japan Hold First AI Strategic Dialogue in Mumbai to Deepen Technology Cooperation
-
Government Unveils ₹203-Crore TDIP Scheme to Push 6G and Homegrown Telecom Innovation
-
Domestic Capital Powers India’s Real Estate Boom as Q1 2026 Inflows Jump to US$5.1 Billion
-
Indian Aviation May Handle 500 Million Passengers a Year by 2030, Says NMIA Chief
