The Saturday drone strikes on the Saudi facilities that have reduced oil production by 5.7 million barrels a day have created multi-pronged challenges for India, along with their other big importers such as Korea, Japan and China.
India has stepped up diplomatic efforts to limit the damage from disruptions in oil supply as a result of drone attacks on oil facilities in Saudi Arabia. The junior minister in the Ministry of External Affairs, V. Muraleedharan, who was in Kuwait on Saturday, has spoken to several supplier countries to ensure additional supplies while Foreign Secretary Vijay Gokhale has kept the window open for possible ramp-up of imports from Iran. India has substantially reduced oil purchases from Iran due to US pressure. India is third-largest consumer of oil in the world. Saudi Arabia is its second-largest supplier. India imported 83 per cent (207.3 million tonnes) of its oil needs in 2018/19. Of this, Saudi Arabia supplied 40.33 million tonne
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![Prof K Nageshwar: Is Global Oil Crisis Imminent [HD] (Video)](https://i0.wp.com/www.socialnews.xyz/wp-content/uploads/2019/09/19/maxresdefault-13.jpg?w=180&quality=80&zoom=1&ssl=1 "Prof K Nageshwar: Is Global Oil Crisis Imminent [HD] (Video)")
The Saturday drone strikes on the Saudi facilities that have reduced oil production by 5.7 million barrels a day have created multi-pronged challenges for India, along with their other big importers such as Korea, Japan and China. India has stepped up diplomatic efforts to limit the damage from disruptions in oil supply as a result of drone attacks on oil facilities in Saudi Arabia. The junior minister in the Ministry of External Affairs, V. Muraleedharan, who was in Kuwait on Saturday, has spoken to several supplier countries to ensure additional supplies while Foreign Secretary Vijay Gokhale has kept the window open for possible ramp-up of imports from Iran. India has substantially reduced oil purchases from Iran due to US pressure. India is third-largest consumer of oil in the world. Saudi Arabia is its second-largest supplier. India imported 83 per cent (207.3 million tonnes) of its oil needs in 2018/19. Of this, Saudi Arabia supplied 40.33 million tonne