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India to ramp up oil imports from Russia, Africa, US and Latin America
June 25, 2025
|The Island
NEW DELHI, June 24: The escalation in the Israel-Iran conflict and Tehran's threat to close the Strait of Hormuz are likely to push Indian refiners to further ramp up oil purchases from non-West Asian suppliers - mainly Russia, West Africa, the US and Latin America.
Shipping routes to Indian ports from these suppliers are detached from the critical choke point in the Persian Gulf, according to industry sources and experts.
In fact, India's oil sourcing strategy is already reflecting a risk-hedged posture pertaining to West Asian oil flows with Russian oil dominating India's oil import mix.
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