India Today Energy Summit 2025: Reimagining India’s Oil Play Amid Global Energy Realignments

Описание: Former Indian Oil Chairman S.M. Vaidya calls India's increased reliance on Russian crude, which rose from 0.2% to nearly 40% of imports, 'an aberration' that is 'not going to remain forever'. In a wide-ranging discussion on India's energy security, Vaidya clarified that the 60-million-ton Ratnagiri refinery project is 'not shelved' but is stalled due to challenges in acquiring a 15,000-acre land parcel. The conversation also featured former diplomat Dinkar Shrivastava, who warned against over-dependence on Gulf oil, citing the Hormuz choke point and geopolitical risks. The dialogue touched upon the need for India to increase its strategic petroleum storage, which lags behind countries like Japan and China, and the debate over acquiring equity oil assets abroad versus relying on spot purchases to secure the nation's energy future.

#OilPrices #EnergySecurity #RussianOil #itwebvideos #SMVaidya #IndianOil #RatnagiriRefinery #Geopolitics #India #EquityOil #OPEC #Energy


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