{"id":1916,"date":"2025-10-27T22:15:20","date_gmt":"2025-10-27T22:15:20","guid":{"rendered":"https:\/\/www.vujic-geopolitika.com\/?p=1916"},"modified":"2025-10-27T22:15:20","modified_gmt":"2025-10-27T22:15:20","slug":"indiju-obuzima-naftaska-groznica","status":"publish","type":"post","link":"https:\/\/www.vujic-geopolitika.com\/en\/2025\/10\/27\/india-is-gripped-by-oil-fever\/","title":{"rendered":"India is gripped by oil fever"},"content":{"rendered":"

The world’s fourth largest economy and the most populous country in the world\u2014India today does not know how much oil and gas there could be on its land and sea territory. Such an almost incredible conclusion\u2014in these times, when the possession of fossil fuels represents a key strategic advantage\u2014could be drawn from the announcement by Indian Energy Minister Hardeep Singh Puri that official New Delhi plans to soon expand geo-research for potential oil and gas deposits to 16 percent of the territory, from the current 10 percent explored. (https:\/\/www.business-northeast.com\/india-s-oil-gas-exploration-offers-usd-100-bn-opportunity-hardeep-singh-puri<\/a>).<\/p>\n

According to Minister Puri’s assessment, this is a possible investment breakthrough for India, worth around 100 billion dollars by 2030.<\/p>\n

\"\"Meanwhile, India’s coastline is 7,517 kilometres long; of which 5,423 kilometres belong to the Indian peninsula, and 2,094 kilometres to the Andaman (on the photo), Nicobar and Lakshadweep island chains. At the same time, India’s maritime territory includes a territorial sea of \u200b\u200b12 nautical miles, an exclusive economic zone (EEZ) of 200 nautical miles and a contiguous zone of 24 nautical miles. The territorial sea is under full sovereignty, while the EEZ gives India exclusive rights to explore and exploit natural resources. India also claims an extended continental shelf (ECS) outside the EEZ and shares a maritime border with seven countries.<\/p>\n

How did it happen that the seventh largest country in the world, with an area of \u200b\u200b3.2 million square kilometres, with about 1.46 billion inhabitants (gained independence in 1947) has been importing oil on a large scale for decades (mostly from the Persian Gulf, and from 2022, mainly cheaper Siberian barrels), is an open question.<\/p>\n

Only, it seems that US President Donald Trump’s global tariff salvo since spring, and his targeted message to India\u2014that the tariff regime of “plus 50 percent” on all exports to the US, will remain in force as long as it imports barrels from Russia, fuelled the domestic oil fever. True, it would have been said even then more as a counter-reaction to “injustice”. Why is India being picked on (with the high American tariff regime), the Indian Minister of Commerce Piyush Goyal asked bitterly at the recent “Berlin Global Dialogue”.<\/p>\n

(https:\/\/www.google.com\/search?sca_esv=ee794735903e3348&q=Jaishankar+meets+Rubio+in+Kuala+Lumpur+in+the+backdrop+of+US+Sanctions+on+Rosneft,+Lukoil&spell=1&sa=X&ved=2ahUKEwjP3ID3qsWQAxXPgv0HHRVWHMsQBSgAegQIDhAB&biw=1366&bih=599&dpr=1<\/a>).<\/p>\n

All in all, after the recent US sanctions on “Rosneft” and “Lukoil”, otherwise the key petro-suppliers of India until recently, the oil buyers there began to turn their backs on Siberian barrels, and at the same time increase the import of oil from the US (at the highest level since 2022, i.e. before the start of Russia’s “special military operation” in Ukraine).<\/p>\n

In addition, the official New Delhi is increasingly realizing that reliance on domestic renewable energy sources, but also potential oil and gas, could greatly bring what almost all countries of the world are striving for today, namely: greater energy independence. Thus Prime Minister Narendra Modi announced in August the beginning of a new phase of research into India’s energy potential. (https:\/\/finance.yahoo.com\/news\/india-intensifying-search-oil-gas-080200173.html<\/a>).<\/p>\n

How much “black gold” can be buried in the land and waters of India is a puzzle whose solution could change a lot, in Asia and far beyond.<\/p>\n","protected":false},"excerpt":{"rendered":"

The world’s fourth largest economy and the most populous country in the world\u2014India today does not know how much oil and gas there could be on its land and sea territory. Such an almost incredible conclusion\u2014in these times, when the possession of fossil fuels represents a key strategic advantage\u2014could be drawn from the announcement by […]\n","protected":false},"author":1,"featured_media":1917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[108],"tags":[],"class_list":["post-1916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-oil-and-gas-new-hunting-season"],"_links":{"self":[{"href":"https:\/\/www.vujic-geopolitika.com\/en\/wp-json\/wp\/v2\/posts\/1916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vujic-geopolitika.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vujic-geopolitika.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vujic-geopolitika.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vujic-geopolitika.com\/en\/wp-json\/wp\/v2\/comments?post=1916"}],"version-history":[{"count":2,"href":"https:\/\/www.vujic-geopolitika.com\/en\/wp-json\/wp\/v2\/posts\/1916\/revisions"}],"predecessor-version":[{"id":1919,"href":"https:\/\/www.vujic-geopolitika.com\/en\/wp-json\/wp\/v2\/posts\/1916\/revisions\/1919"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vujic-geopolitika.com\/en\/wp-json\/wp\/v2\/media\/1917"}],"wp:attachment":[{"href":"https:\/\/www.vujic-geopolitika.com\/en\/wp-json\/wp\/v2\/media?parent=1916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vujic-geopolitika.com\/en\/wp-json\/wp\/v2\/categories?post=1916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vujic-geopolitika.com\/en\/wp-json\/wp\/v2\/tags?post=1916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}