Why Does India Import Crude Oil Despite Having Oil Reserves? India Crude Oil Exploration |
Автор: Civil Fact
Загружено: 2026-01-14
Просмотров: 32543
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Why Does India Import Crude Oil Despite Having Oil Reserves? India Crude Oil Exploration | #CrudeOil
Did you know that India has significant crude oil reserves, yet it still imports nearly 80% of its oil needs? Oil is produced in regions like Assam, Gujarat, Rajasthan, and offshore areas, but India ranks around 24th globally in oil production.
The main reason is the high risk and massive cost involved in oil exploration and drilling. Extracting oil requires advanced technology and billions of rupees in investment, with no guarantee of success. If drilling fails to find oil, companies can suffer huge financial losses. Because of these risks, importing crude oil often becomes a more reliable and economically safer option for India.
#IndiaOil #CrudeOil #OilImports #EnergySecurity #IndianEconomy #OilExploration #CrudeOilExploration #CrudeOilMining #EnergyFacts #IndiaFacts
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