Where there is a will, there is a way and when intentions are as strong as India’s, the path is not only made, it also writes history. When tension between America and Iran is at its peak. There is panic in the oil market. The whole world is trembling with the fear of inflation.
At the same time, India quietly took a step that changed the game. The news came from the North African country Libya, the same Libya which is considered an area of instability, civil war and danger. But on this very land, Indian government companies did what no one expected. Indian companies Oil India Limited and Indian Oil achieved major success in Libya’s Ghada Mis Basin. According to reports, there are indications of finding large oil reserves during the drilling of the sixth well. Now just think, when the world was worried about oil, India was searching for its future under the desert. Today India buys a major part of its oil requirement from abroad. This clearly means that if there is a war in the world and the supply stops, it directly impacts India’s pockets. Petrol is expensive, diesel is expensive and inflation increases rapidly. But this time India had made preparations in advance.
Libya’s Ghada Mis Basin is famous for oil. The crude oil here is said to be of good quality and is easy to refine. If India gets permanent production here, it will not just be a trade but a strategic victory because it will directly mean that India will no longer be just a buyer but will become the biggest player. Friends, the biggest thing is that a country like Libya is not easy. There is political instability there. Different groups are active. There are security challenges. Working in such an environment is not an ordinary thing. But India built a relationship of trust there. India did not just look at resources but adopted the model of partnership. This is the reason why Indian companies got acceptance there. In such a situation, the question arises, will this make petrol cheaper in India? See, the direct answer is not immediate but it can definitely be beneficial in the long run because when a country’s own resources increase, it is less affected by global crises. The power of the government to control prices increases. This means that whatever is happening in Libya today, its impact may be visible on your pocket tomorrow. But the story does not end here.
India is not limited to Libya only. Indian investments are already present in Russia’s Sakhalin and Siberia regions. There are gas projects in Punjab. India is also exploring opportunities in Brazil and Latin America. This is a big strategy of energy diversification. Meaning, if there is a crisis at one place, other sources remain operational. This is the biggest identity of intelligent countries. Today the world is understanding that India is not just a market but the power of the future. And imagine, if India becomes strong in resources like oil, gas and rare earth, then it will not only affect the economy. It will affect politics also. Because power in the world does not come from army alone. Strength comes from energy, strength comes from supply chain, strength comes from self-reliance. It is also being discussed in some reports that there may be a possibility of gas and rare minerals in some areas of Libya. If this proves to be true in future then it will be a double victory for India.