Africa's Oil

Iran's growing tension with the US, Western and of our new sanctions on Tehran India between its oil basket of exercise in the Gulf to increase the burden of Africa instead of rallying in the wake of its growing energy needs is New Delhi's eye in African oil wells and a nine per cent of the world [132 billion barrels] Ministry of petroleum in the link on the store. on December 9-10 to 27 African Conference India-Africa hydrocarbon our hosting Is doing.
Indeed, in the past three years India has the largest oil exporters to reduce dependence on Iran. According to Ministry petroleum statistics 2008-09-2010-11, Iranian oil imports of India between 16 per cent to 11 per cent is made from India, Iran in 2008-09.210 million metric tons of crude oil was imported in the 2010-11.180 million metric tons, and trade with Iran Banking on import of international sanctions, India.
In the meantime if India's oil import with Iran, less than Africa. 2008 India from Africa between 2011 from the continent's biggest oil exporter naijiriya from oil shipment in an increase of five million metric tons of oil producing countries in the world actually. share of 12 per cent of African oil wells is so India every year from the coming oil stake in 4780 million metric tons To the world in Africa and is seven percent of natural gas reserves.
Petroleum and natural gas Ministry and Business Chamber are in India-Africa partnership of FICCI hydrocarbon Conference will include eight African countries Ministers Conference of India and according to the Ministry. Africa is a partnership between oil field which benefits both for oil near India. products within the next 20 years in the big bazaar oil consumption 8330 million metric tons in the current round its India. 14 per cent of oil imports from African countries.
Though India still need 1630 million metric tons of oil imports from the Middle-Asia region of the US, UK, in Iran and. Western India from the growing conflict between our concern to the Iranian Foreign Ministry on Monday lajmi. cautioned that if statement issued against him by the new restrictions, the two-fold increase in international oil prices.