India Is already importing crude oil from _________
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As part of India's strategy for diversifying the country's crude oil supplies from non-OPEC countries, India will now import crude oil from Russia for the year 2020. The new arrangement is expected to result in price stability, the oil ministry said.
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Most of its crude oil and cooking gas comes from Iraq and Saudi Arabia. It used to import more than 10% of its oil from Iran. However, earlier this year, the US pressured India to stop buying Iranian oil after walking out of the nuclear deal. India also imports from other countries like the US, but at a higher cost.
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