OPEC: Union Minister assured, India will take all necessary steps to ensure its energy security

Posted on 14th Oct 2022 03:04 pm by rohit kumar

India will take all necessary steps to ensure its energy security and affordability. Union Petroleum and Natural Gas Minister Hardeep Singh Puri said this when asked about the decision of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production by 2 million barrels per day during an event organized in Jaipur on Friday. Where is it? He has said that India will diversify energy sources if needed.

 

"It (cutting production) is their sovereign right to do whatever they want to do, but it is also my job to point out that all such actions (intentional or unintentional) have consequences," Puri said at the GEO India 2022 conference here. India will be able to overcome the situation with full confidence.

 

 

“We will not allow any shortage of petroleum products. The government will make every effort to ensure energy security and affordability.

 

 

Puri said fuel consumption in the country will increase as per projections as 25 percent of global demand will be met from India in the next 20 years. That is why the Prime Minister has decided to open up the exploration and production sector. “We have diversified the sources from which we get energy and will diversify it further,” he said.

 

 

The Union Minister said that looking at the import data for the last six months, Saudi Arabia was the number one supplier and then Iraq became the second largest supplier but India has the freedom to take its own decision. "We will take our decisions and will not hesitate to diversify," he said.

 

Also Read: DCW Chief was heavy for opposing Sajid: Told - Rape threats are being received only after writing the letter, demanding the police to punish the accused

Other news

Swapnil Kusale Grand Welcome: Swapnil Kusale returns to his homeland, Olympic medalist gets a grand welcome at Pune airport

Swapnil Kusale Gets Grand Welcome at Pune: Shooter Swapnil Kusale, who won the third medal for In

Shadab Jakati: How much is a 10 rupee biscuit? Dear Shadab, bought Mahindra Scorpio, what is the specialty and what is the price?

Shadab Jakati, who went viral on social media with 'How much are 10 rupee biscuits', has recently

MI vs LSG: Suryakumar Yadav can be made dream captain, luck can shine by betting on these players

Mumbai Indians will face Lucknow Super Giants in the 67th match of IPL 2024. Both teams will face

IPL 2025: BCCI's tension increases due to a problem regarding an IPL match; schedule may be changed

Only three days are left in IPL 2025. On March 22, the first match will be played between KKR and

Advantage Assam 2.0: PM Modi inaugurated Advantage Assam 2.0; and said- a new future begins from the land of the East

Prime Minister Narendra Modi has inaugurated the Advantage Assam 2.0 summit today. Many Union Min

There are not even 2% Hindus in the country, then why is the picture of Lord Ganesha printed on the currency of Muslim majority Indonesia? understand

Delhi Chief Minister Arvind Kejriwal on Wednesday urged Prime Minister Narendra Modi to include t

'If you are number 1 then you have to...' Suryakumar said this big thing before the Super-8 match, eager to play on the pitches of West Indies

The performance of the Indian team in the T20 World Cup 2024 has been strong so far. India topped

36th National Games: Lok Sabha Speaker said – The tricolor got international recognition due to the efforts of the players

Lok Sabha Speaker Om Birla addressed the participants at the closing ceremony of the 36th Nationa

Maharashtra: Congress and Shiv Sena face to face after commenting on Savarkar, Patole said - Those who criticize Rahul...

Shiv Sena and Congress seem to be at loggerheads after Rahul Gandhi's alleged comment on Veer Sav

'Will Rahul Gandhi play cricket now...?' Comment on Rohit Sharma's weight created a ruckus; BJP gave a befitting reply to Congress.

India's victory celebrations against New Zealand in the Champions Trophy are continuing. Meanwhil