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India seeks more oil and gas exploration amid Hormuz supply risks

Oil India Limited says disruptions to energy corridors can quickly affect global flows, prices, and economies, underscoring the case for expanding domestic production.

Reported · Written up by our desk · Energy

India is looking to expand domestic oil and gas exploration to strengthen energy security as supply disruptions threaten global energy corridors, Oil India Limited said in comments attributed to a senior official.

OilPrice reported that the company warned disruptions to global supply chains and major energy corridors can have an immediate impact on energy flows and prices, with broader effects on economies worldwide.

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