Impact of Middle East Crude Crisis, Imperatives on Indian Economy and Shift in India’s Crude Oil Imports Policies
3 Pages Posted: 18 Feb 2015 Last revised: 31 Aug 2015
Date Written: February 6, 2015
Abstract
India is not only looking for crude oil imports from Latin American countries but also from African countries; although India already has 13% of its total imports from African countries like Libya and Egypt. According to EIA the crude oil production in the African continent has been increased by 35% overall. US oil companies are pumping capital into the African oil reserves to the tune of more than 5 billion dollars.
Keywords: USA, Geopolitics, Crude, Crisis
Suggested Citation: Suggested Citation
Ghandat, Sandesh, Impact of Middle East Crude Crisis, Imperatives on Indian Economy and Shift in India’s Crude Oil Imports Policies (February 6, 2015). Available at SSRN: https://ssrn.com/abstract=2561351 or http://dx.doi.org/10.2139/ssrn.2561351
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