Small chance of Iraq strife disrupting oil supplies: Ministry
The petroleum ministry foresees very little possibility of a disruption in India’s oil imports due to the on-going violence in Iraq.
“There is no situation as yet for panic, and everything is under control,” an official here told IANS Monday.
“Crude oil supplies to India come from Iraq’s Basra oilfields which are far from the conflict zone in the northeast of the country. Loading of tankers from the Basra oil terminal is continuing normally,” the official added.