CURRENT AFFAIRS

Detailed explanation-1: -Russia Becomes India’s Top Oil Supplier In October.

Detailed explanation-2: -Russia, which made up for just 0.2% of all oil imported by India in the year to March 31, 2022, supplied 9,09,403 barrels per day (bpd) of crude oil to India in November. It now makes up for more than a fifth of India’s oil supplies.

Detailed explanation-3: -But in June 2022, Iraq was India’s top supplier with 1.04 million bpd of oil. Russia, in that month, became India’s second-biggest supplier. Imports dipped marginally in the following two months. They stood at 876,396 bpd in September 2022 before rising to 935,556 bpd in October, according to Vortexa.

Detailed explanation-4: -New Delhi: Russia has become the largest oil supplier to India and contribute significantly to the country’s energy security, Russian Ambassador to India Denis Alipov said at the Indian Council of World Affairs (ICWA)-Russian Council Dialogue.

Detailed explanation-5: -Russia, which made up for just 0.2 per cent of all oil imported by India in the year to March 31, 2022, supplied 9,09,403 barrels per day (bpd) of crude oil to India in November.