What's the fuss with Iranian oil in India.
Let's see the bigger picture:
Oil makes 24% of Indian energy consumption.
Of that 30% is produced in India.
Iran is not even #1 supplier of oil to India, but #2 with 11% of oil Imports, behind KSA with 18%.
So, 11% of 24% = 2,5% of Indian energy is covered by Iranian oil.
Is it that much and not obtainable from other sources?
Source: India - Analysis - U.S. Energy Information Administration (EIA)
Let's see the bigger picture:
Oil makes 24% of Indian energy consumption.
Of that 30% is produced in India.
Iran is not even #1 supplier of oil to India, but #2 with 11% of oil Imports, behind KSA with 18%.
So, 11% of 24% = 2,5% of Indian energy is covered by Iranian oil.
Is it that much and not obtainable from other sources?
Source: India - Analysis - U.S. Energy Information Administration (EIA)
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