India diversified crude oil sources from 27 to 41 amid global disruptions: Puri

NEW DELHI: India has expanded its crude oil supply network from 27 countries to 41 and will continue to diversify imports, increase refining capacity and explore new sources of oil amid geopolitical tensions, minister for petroleum and natural gas Hardeep Singh Puri said.“We have diversified our sources of supply from 27 to 41,” he said, while speaking at the Pathways to Viksit Bharat Conclave at Shri Ram College of Commerce, ANI reported.Puri said disruptions to international shipping routes could have a direct impact on Indian industries and household expenses.“A disruption along a distant shipping route can alter the costs of an Indian factory and the budget of an Indian household,” Puri said.Speaking to reporters on the sidelines of the event, Puri said India was importing more than 5 million barrels of oil per day while exporting around 1 million barrels, supported by its expanding refining capacity.He said India’s crude oil…