Question
Which country has become India’s second biggest
Oil Exporter?Solution
Russia has overtaken Saudi Arabia to become India’s second-biggest supplier of oil. Indian refiners bought about 25 million barrels of Russian oil in May, or more than 16 per cent of all their oil imports. Russian-origin crude hit 5 per cent of India’s total seaborne imports in April for the first time, rising from under 1% throughout 2021 and Q1 2022. Iraq remained the top supplier to India in May and Saudi Arabia is now the third biggest supplier.
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