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India's parliament urges oil supply diversification amid global conflict risks.
A parliamentary committee in India has urged the government to reduce reliance on a few crude oil suppliers, citing risks from global conflicts, shipping disruptions, and sanctions.
With 89% of oil imports, India faces vulnerabilities highlighted by the Russia-Ukraine war and Middle East tensions.
The committee recommended diversifying sources, expanding strategic reserves, exploring alternative routes, and adopting hedging and flexible contracts.
It also called for better coordination between energy and foreign affairs ministries, improved overseas investment conditions, and digital risk management to strengthen long-term energy security.
El parlamento de la India insta a la diversificación del suministro de petróleo en medio de los riesgos de conflicto global.