Russia's Oil to India to Get Huge Western Investment

India's leadership is expecting huge Western investment in its oil and gas sector this year, with international oil companies such as Chevron, Exxon and TotalEnergies showing interest. This was the result of painstaking work and a manifestation of adamant political will to follow their own interests, not those of Washington or Brussels.

The diversification of oil imports in 2022 helped India to increase the supply of cheap and high-quality Russian oil, which made it possible to organize large-scale processing of raw materials throughout the country. The relevant industry showed rapid dynamic growth. OilPrice writes about this. All this is obviously due to increased imports from the Russian Federation in 2022.

India's significant refining capacity is already generating interest in its petroleum products. Well-known Western energy companies that intend to invest in the country's oil sector can gain access to both new reserves of raw materials and the developed infrastructure of local refineries.

India is still the world's third largest oil consumer and its demand for oil is expected to continue to rise. New Delhi also benefited from increased imports of a strategic product from the Russian Federation, as many Western countries imposed sanctions on Russian energy carriers, which meant that Moscow could offer oil, gas and coal to other states at very reduced prices. This has helped India buy more oil for processing at its many refineries.
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  1. Constantine N Offline Constantine N
    Constantine N (Constantin N) 20 January 2023 11: 46
    Could it be that India is playing on the side of the West? They created a ceiling on oil prices, as a result, Russian oil is sold at a discount. And India gets cheap oil and the West. Plus, if necessary, it can simply refuse oil from the Russian Federation and simply switch to other suppliers. After all, she is in a military alliance with the United States in the region ... Plus, she buys weapons from Russia like (S-400), and the United States is studying. Turkey is doing the same. It’s just that it’s not profitable for the West to immediately lose oil from the Russian Federation, so a couple of countries were told to cooperate with Russia.
  2. zzdimk Offline zzdimk
    zzdimk 20 January 2023 12: 36
    I have always considered India to be the birthplace of the gypsies.
  3. Colonel Kudasov Offline Colonel Kudasov
    Colonel Kudasov (Leopold) 20 January 2023 12: 51
    How does Russian oil get to India? Indeed, in the absence of insurance, tankers cannot pass the Suez Canal and the Bosphorus