NEW DELHI: Union Minister of Petroleum and Natural Gas Hardeep Singh Puri on Thursday said India has diversified its sources for buying oil in the global market, due to which the government is not “unduly worried” over any US crackdown on Russia’s oil exports.
Speaking at the Urja Varta 2025, the minister said India currently buys oil from 40 nations, as compared to 27 countries in 2007, and the global market is well-supplied.
“There is a lot of oil available in the market. Iran and Venezuela are currently under sanctions. But are they going to be under sanctions forever? Many countries, including Brazil, Canada and others, are ramping up output. I am not unduly worried about supplies as of now. We have diversified our sources, ” Puri said.