📷 Image: Wikimedia Commons / Ministry of Petroleum and Natural Gas
Business
India Clarifies Crude Oil Imports from 40 Nations, Denies Payment Claims
✍️ News On AIR
🗓 23 Jul 2026, 08:55 AM
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The government confirmed that India sources crude oil from 40 countries, including Iran, and denied reports that it has paid for Iranian oil.
The Ministry of External Affairs released a statement confirming that India imports crude oil from 40 different countries, with Iran listed among the suppliers. The clarification came after media reports suggested that India had made payments for Iranian oil. The government firmly denied these allegations, stating that no such transactions have taken place. The statement emphasized that India’s oil procurement strategy is diversified across many suppliers to ensure energy security. No further details on the procurement terms were disclosed.
India’s oil imports are a critical component of its energy policy, and the country has long maintained a broad base of suppliers. The clarification was issued to address concerns about potential geopolitical implications of purchasing oil from Iran. The ministry reiterated that all transactions are conducted in accordance with international trade regulations and India’s own procurement guidelines.
The announcement was made by the Ministry of External Affairs during a press briefing. While the statement clarified the source of imports, it did not provide specific figures on the volume of oil imported from each country. The government remains committed to maintaining a stable supply chain for the country’s energy needs.
India’s oil imports are a critical component of its energy policy, and the country has long maintained a broad base of suppliers. The clarification was issued to address concerns about potential geopolitical implications of purchasing oil from Iran. The ministry reiterated that all transactions are conducted in accordance with international trade regulations and India’s own procurement guidelines.
The announcement was made by the Ministry of External Affairs during a press briefing. While the statement clarified the source of imports, it did not provide specific figures on the volume of oil imported from each country. The government remains committed to maintaining a stable supply chain for the country’s energy needs.