Anil Agarwal Calls for Urgent Push to Domestic Oil & Gas Production Amid Middle East Volatility

Amid growing geopolitical tensions in the Middle East and surging global oil prices, Anil Agarwal, Chairman of Vedanta Group, has urged India to fast-track domestic oil and gas production to ensure long-term energy security.

In a recent social media post, Mr Agarwal highlighted that India currently imports nearly 90% of its crude oil requirements, with approximately 40% sourced from Middle Eastern countries. “Uncertainty and conflict in the Middle East is a sure trigger for global oil prices. For India, this becomes a challenge,” he noted.

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Mr Agarwal called for leveraging India’s abundant hydrocarbon reserves and investor-friendly policy environment to accelerate exploration and production. “We have tremendous reserves. We have best-in-the-world policies. Government has done a lot of work,” he wrote, adding that greater adoption of self-certification mechanisms for project clearances could be a game-changer for speedier execution.

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He underscored the strategic opportunity India presents in the global energy landscape: “India is the next big opportunity in oil and gas,” he stated, reiterating his long-standing belief in India's potential to become self-reliant in energy.

As the founder of one of India’s leading natural resources conglomerates, Anil Agarwal has consistently advocated for Atmanirbhar Bharat in critical sectors like oil, gas, and minerals. His latest call reaffirms the importance of energy independence as a pillar of economic and strategic resilience.

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