India throws the oil tanker industry a lifeline ...News

Russia Today - Economy
India throws the oil tanker industry a lifeline
source : Russia Today ( News ) () 7
India’s growing demand for oil and its plans to rely less on crude from its biggest supply region, the Middle East, is set to support demand for oil tankers traveling on longer routes to the world’s third-largest oil importer. India, which imports more than 80% of the crude oil it consumes, has been hinting in recent years that it needs to look beyond the traditional Middle East suppliers for oil. As fortunate as it has been for the country to have some of the world’s biggest oil exporters so close to its shores, India is now looking to boost its energy security by having more choices when it comes to oil suppliers. It's also looking t

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