Question

Mention the India’s relationship with OPEC.

Answer 1

1. India is one of the biggest consumers of crude oil.
2. OPEC obviously has a vested interest in India’s economic growth.
3. We import 86% of crude oil, 70% natural gas, 35% of cooking gas from OPEC countries.
4. India has been identified as a greater partner for OPEC mainly because of its high oil demand.