Indian Foreign Minister S Jaishankar has said that if a country has difficulty in buying oil from India, then he should not buy it.
India has responded to the statements of US President Donald Trump. Indian Foreign Minister S Jaishankar has said that if a country has difficulty in buying oil from India, then he should not buy it. No one can be forced to. In such a situation, let us know which countries buy oil from India? Where does oil come from India? Where is the treasure of oil and where it is used?
India has shown a mirror to America and Europe on the issue of tariff wise started by the US President and buying crude oil from Russia. Foreign Minister S. Jaishankar has said in a program that buying oil from India is not a compulsion of anyone. If someone has difficulty in buying oil or petroleum products from India, then they should not buy. He said that it is a joke that people of the administration of a pro-business America are accusing others of doing business.
How many countries buy petroleum products from India?
India usually imports crude oil and exports refined petroleum products. Crude oil is not exported from India. The list of countries purchasing refined petroleum products from India includes all countries of the European Union besides the Netherlands, Singapore, America, Australia, United Arab Emirates, South Africa. Europe is on top of the list of countries buying refined oils from India.
Crude oil
According to the think tank Global Trade Research Initiative (GTRI), in the financial year 2024, India exported a petroleum product of over US $ 19 billion to the European Union, which declined to the financial year 2024–25 to $ 15 billion. According to GTRI founder Ajay Srivastava, the major reason for this is to ban petroleum products prepared from crude oil purchased by Western countries from Russia. Despite this, in the financial year 2025, India bought US $ 50.3 billion crude oil from Russia. It is about one third of the total crude oil purchased by India from US $ 143.1 billion.
Where is the petroleum product used?
Products made by refined crude oil from India are high -speed diesel, petrol (motor spirit), aviation turbine fuel (fuel), fuel ores, nepasha and kerosene. These petroleum products are used from all means of transport from bikes to rail engines in everyday life. Apart from this, they are used even in power generation, aircraft, army vehicles and submarines. Many countries are still dependent on kerosene for cooking.
India buys oil from so many countries
After American and China, India is the third largest country in the world to consume oil. That is why it is also the third largest oil importer in the world. It imports about 85 percent of its needs. It is not that India is buying oil only from Russia. This has increased the purchase of oil from Russia in recent years due to the Ukraine War in recent years, otherwise Iraq was the first place in selling oil to India between April 2021 and January 2022, which gave more than 22 billion $ 22 billion oil to India. After this, Russia was followed by Russia after Saudi Arabia, UAE, America, Nigeria, Kuwait, Mexico, Oman respectively in the countries that exported oil to India.
According to Petroleum Minister Hardeep Puri, first 27 countries used to sell oil to India. At present, this number has increased to 40. India is currently importing oil from 40 countries including Middle East countries, America, Brazil, Canada, Guyana and Suriname besides Russia.
Crude oil ship
Treasure of crude oil here in India
The production of crude oil in India is very low. There is some oil available here in Assam, Western Apat and Rajasthan, Gujarat, Mumbai High and Krishna Godavari Basin etc. Apart from this, oil is produced in small refinery. However, there is talk of oil reserves in many other parts of the country. The Andaman Sea is expected to have huge oil reserves, which is located in search of India.
These countries have a treasure of oil
Venezuela has the biggest stores of crude oil. According to OPEC, Venezuela has a certified oil reserves of 303 billion barrels. This is followed by a reserves of 267 billion barrels near Saudi Arabia, 209 billion barrels near Iran, 163 billion barrels near Canada and 145 billion barrels of Iraq.
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