India eyes more crude oil taps

The country will diversify its crude import to meet its energy security and affordability, Union petroleum minister Hardeep Singh Puri said following the surprise production cut by the Organisation of the Petroleum Exporting Countries and its allies.

“This is their (Opec’s) sovereign right what they want to do but equally it is my job to point out that all actions have consequences, intended or unintended. India will be able to navigate through the situation with confidence,” the petroleum and natural gas minister said at the GEO India 2022 conference.

“We will not allow any shortages to come in. The government will do all that is required to ensure energy security and affordability,” he said.