India faces energy security challenges due to global conflicts. ONGC Chairman Arun Kumar Singh advises caution on Middle East oil reliance. He stresses building strategic storages and increasing domestic production as vital. Diversifying energy sources and su…
India must rethink Middle East energy reliance after biggest shock in decades, says ONGC chief
India's energy sector faces heightened vulnerability due to over-reliance on Middle East oil imports amid geopolitical instability, as warned by ONGC Chairman Arun Kumar Singh. The impact affects national energy security, pricing, and supply chain stability, necessitating urgent diversification and strategic storage solutions.