CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country has become the second largest oil supplier of India?
A
Iraq
B
Russia
C
United Arab emirates
D
Iran
Explanation: 

Detailed explanation-1: -Russia now supplies almost 22% of India’s total crude imports, ahead of Iraq’s 20.5 per cent and Saudi Arabia’s 16 per cent.

Detailed explanation-2: -Russia, which made up for just 0.2% of all oil imported by India in the year until March 31, 2022, supplied 935,556 barrels per day (bpd) of crude oil to India in October – the highest ever. It now makes up for 22% of India’s total crude imports, ahead of Iraq’s 20.5% and Saudi Arabia’s 16%.

Detailed explanation-3: -Russian oil accounted for about 23 per cent of India’s overall import of about 4 million bpd oil in November, the data showed.

Detailed explanation-4: -Largest global crude oil importers 2021 China followed closely as the second-largest importer, with 12.7 million daily barrels.

Detailed explanation-5: -Russia is now India’s second-biggest source of crude oil, after Iraq. Until February, only around 2% (12 million barrels of Urals crude) of India’s total crude oil imports came from Russia.

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