The world is currently under stress regarding the supply of crude oil, and reports of shortage of petrol and diesel have already started coming from many countries. Amidst this situation, there is a good news for India: a tanker carrying about 81,000 tonnes of crude oil from the Middle East is scheduled to reach India on Tuesday. The special thing is that this crude oil is reaching India after passing safely through the turbulent Strait of Hormuz. This tanker contains about 81,000 tonnes of crude oil and the tricolor flag of India is proudly flying on it. According to reports, the ship has passed safely through the Strait of Hormuz.
According to government officials, this tanker named ‘Jag Ladki’ had left from UAE on March 14 and is loaded with Murban crude oil. The ship is safely heading towards India and is expected to reach Mundra port in Gujarat on Tuesday. The ship and all the Indian sailors on board are safe. Meanwhile, Shipping Ministry officials have confirmed that the ship and its entire Indian crew are completely safe. The Indian government is closely monitoring the movement of all ships passing through the Strait of Hormuz, as maritime trade has been disrupted due to the ongoing conflict in the region.
Why is the Strait of Hormuz so important?
It is worth noting that the Strait of Hormuz is one of the most important oil transportation routes in the world. A large part of the global oil trade passes through this waterway. Any tension in the region has a direct impact on energy markets and global oil prices. This route is even more important for India, as a large part of the country’s energy needs depend on imported oil. Crude oil coming from West Asia usually reaches India through this route. India imports about 85 percent of its crude oil needs, and the majority of these imports come from the Middle East.
According to reports, several Indian ships are still plying the sea routes connecting the Middle East and India; The government is making diplomatic efforts to ensure their safe return. Some ships are also being allowed to depart in a phased manner. **India’s current crude oil reserves**
India has got a big relief from this tanker carrying 81,000 tonnes of crude oil, because it will immediately reduce the pressure on the country’s energy supply. The government says that there is currently sufficient reserves of crude oil in the country and the refineries are working normally. This tanker, with a capacity of 81,000 tonnes, contains as much oil as is used by the entire country in about three hours. Oil demand in India is approximately 5.5 to 6 million barrels per day—that is, approximately 800,000 tons of oil is consumed every day.