India’s Foreign Ministry emphasized that diversifying energy sourcing remains central to its strategy, shaped by objective market conditions and international dynamics. The ministry also stated that India is open to exploring the commercial merits of crude supply from any country, including Venezuela, reinforcing its pragmatic approach to energy security.
India’s Foreign Ministry has reiterated its commitment to a diversified energy sourcing strategy, underscoring the importance of aligning with global market conditions and international dynamics. Officials highlighted that India’s energy policy is designed to ensure long-term security and resilience, balancing domestic needs with global supply opportunities.
The ministry further clarified that India remains open to evaluating the commercial merits of crude supply from all potential partners, including Venezuela. This reflects India’s pragmatic approach to securing affordable and reliable energy while maintaining flexibility in its sourcing strategy.
Key highlights from the announcement include
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Diversification of energy sourcing remains a core strategic priority
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Policy shaped by objective market conditions and international dynamics
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India open to exploring crude supply from Venezuela and other nations
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Focus on commercial viability and long-term energy security
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Strategy reinforces India’s adaptability in global energy markets
Industry experts note that India’s stance reflects its growing role in global energy trade, with diversification ensuring resilience against geopolitical risks and price volatility. The approach is expected to strengthen India’s energy security while supporting its economic growth trajectory.
Sources: Reuters, Economic Times, Business Standard, Mint