IOC Chairman Arvinder Singh Sahney assured that US sanctions on Russia would have minimal effect on India’s energy security. Speaking from Davos, Sahney emphasized India’s diversified energy sources and preparedness for disruptions.

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• IOC Chairman stated that India’s energy supply is well-diversified, mitigating the impact of US sanctions on Russia.
• India sources energy from OPEC, OPEC+, Gulf countries, Guyana, Brazil, and the United States.
• Sahney highlighted India’s compliance with sanctions and ability to manage disruptions effectively.
• Crude oil supply to India remains stable; the government is increasing exposure to US crude.
• Crude prices are expected to stay in the range of USD 75-80 per barrel, with a bias toward USD 75.
• IOC is expanding city gas distribution (CGD), operating in 47 geographical areas with plans for infrastructure growth.
• IOC’s green hydrogen plant at Panipat (10,000 TPA capacity) to be operational in two years; project tenders under evaluation.
• India’s National Green Hydrogen Mission aims for 5 million tonnes of production by 2030 with Rs 19,744 crore investment.
• Sahney confirmed IOC has no active acquisition plans but remains focused on ongoing projects.