India’s Crude Oil Imports and Major Sources

1. Nigeria 

1. United States 

1. Iraq 

Major Oil Exporters in the World 

Some of the major oil exporters in the world are mentioned in the table below: 

OPEC and Non-OPEC Countries 

OPEC 

The different Organization of the Petroleum Exporting Countries (OPEC) are mentioned below: 

1. Venezuela 

1. UAE 

1. Saudi Arabia 

1. Republic of Congo 

1. Nigeria 

1. Libya 

1. Kuwait 

1. Iraq 

1. Iran 

1. Gabon 

1. Equatorial Guinea 

1. Angola 

1. Algeria 

Non-OPEC Countries 

The various non-OPEC countries are mentioned below: 

1. South Sudan 

1. Sudan 

1. Russia 

1. Oman 

1. Malaysia 

1. Kazakhstan 

1. Brunei 

1. Bahrain 

1. Azerbaijan 

Objectives of OPEC 

The main objectives of OPEC are mentioned below: 

1. Ensuring a good return is provided to companies and producers on investments. 

1. Ensuring the supply to consumers are economical, regular, and efficient. 

1. Ensuring oil markets are stable. 

1. Petroleum prices are unified countries who are members. 

Steps taken to Reduce Oil Imports 

The various steps that have been taken by the government to minimise oil imports are given below: 

1. Launch of the Open Acreage Licensing Policy (OALP). 

1. Initiation of the National Gas Hydrate Programme (NGHP) so that gas hydrates may be another energy source. 

1. Use of Underground Coal Gasification so that energy demands can be met internally. 

1. Coal Bed Methane is being considered as another energy source. 

1. Subsidy plans are being announced by the government so that oil prices can be reduced.