- EY advises India on building strategic reserves, noting that the West Asia crisis exposes India's dependence on imports.
- India secures oil supplies from Africa and Russia as a response to the ongoing crisis in West Asia, which is straining its supply chain.
India is widening its crude oil sources from several countries including Guyana, Libya, Gabon, and Equatorial Guinea.
3 reports, 1 independent
Updated Jun 29
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What happened
India is widening its crude oil sources from several countries including Guyana, Libya, Gabon, and Equatorial Guinea.
Who's involved
What this event is mainly aboutKeep exploring
Part of
India secures oil supplies from Africa and Russia as a response to the ongoing crisis in West Asia, which is straining its supply chain.Also in this story
- India is diversifying its oil imports, sourcing crude from Russia, Oman, Saudi Arabia, Brazil, and facing potential US tariff risks.
- Indian advisor expresses concerns over crude oil supplies following the West Asia conflict.
- Analysis of India's role as a swing supplier benefiting from geopolitical disruptions in global fuel supply markets.
- Nava Limited builds resource optionality across Africa amid ongoing supply chain crises linked to West Asia.
The entities involved
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Guyana
country in South America
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Libya
sovereign state in North Africa
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Gabon
country on the Atlantic coast of Central Africa
Related events
- ExxonMobil and Brookfield Renewable are expanding globally, increasing production in Guyana and Africa, while monitoring Brent crude prices and Middle East volatility.
- The Inter-American Development Bank (IDB) has released findings regarding Guyana's current oil dependence and overall energy mix.
- A country is diversifying its energy sourcing, relying on the Middle East while exploring new supply sources.
- Guyana is establishing a diverse procurement network, sourcing fuel from Suriname and Trinidad and Tobago, generating sets from China, and power ships from Turkey.