‘No shortage of oil and gas’ – Govt reassures India is in a very comfortable position
- Posted on March 5, 2026
- By Financial Express
- 5 Views
‘No shortage of oil and gas’ – Govt reassures India is in a very comfortable position
The Indian government assures that the country has sufficient oil and gas reserves amidst the conflict in the Middle East and the closure of the Strait of Hormuz. They have signed contracts with the US and UAE and are looking into other markets. However, the dependence on the Strait for imports is a concern.
