Africa can play central role in India’s oil diversification: Dharmendra Pradhan
NEW DELHI : African nations could play a central role in efforts by India to diversify its sources of oil and gas, India’s oil minister said on Wednesday, as the nation strives to reduce its energy reliance on the Middle East.
India, the world’s third biggest oil importer, has asked state refiners to speed up the diversification of oil imports to gradually cut their dependence on the Middle East after OPEC+ decided earlier this month to largely continue production cuts in April.
“As India seeks to further diversify sourcing of crude oil and LNG, Africa has a central role – largely due to its proximity and absence of any choke points in trans-shipments,” Dharmendra Pradhan told an industry summit.
