Union Petroleum and Natural Gas Minister Hardeep Puri said on Monday that this huge reserve of crude oil and gas has been found in the Andaman Sea. In which India can find about two lakh crore liters of crude oil reserves. India’s GDP will increase by about five times Union Minister Hardeep Puri said, ‘If this estimate turns out to be correct, India’s GDP can increase by about five times. This petroleum reserve can be equal to the crude oil reserve recently found in Guyana (11.6 billion barrels). The Indian government is making continuous efforts to become self-reliant in the energy sector. The discovery of oil in the Andaman is an important step in this direction. If this effort is successful, India will get a new identity in the energy sector.’ Our energy needs will be met in one go It is believed that after finding crude oil reserves, India can reduce oil imports to a large extent, which will also strengthen the economic situation. Also read: 45 killed in food queue: Hamas accuses Israel Impact of Iran-Israel war on India The impact of the war between Iran and Israel will be seen on India. The Global Trade Research Initiative has claimed in its report that the risk of economic crisis on India is increasing due to the war. There are concerns especially about the Strait of Hormuz. If it is closed, then oil and gas imports will become expensive for India. If we talk about the Strait of Hormuz, it is located between Oman and Iran. Which connects Iraq, Kuwait, Saudi Arabia, Bahrain, Qatar and the United Arab Emirates with the Arabian Sea. This strait is only 33 km wide at its narrowest point. About 20 million barrels of oil and oil product ships are loaded here every day.
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