(a) whether the Government have drawn up a Contingency Plan for import of oil in the
event of a war between US and Iraq;
(b) if so, the countries which have been identified for this purpose and the quantity
proposed to be imported and their terms of supply;
(c) whether any agreements have been signed by the Government in this regard, if so, the
extent to which oil from these countries will be useful for our country, in money terms; and
(d) if so, the total oil import bill as a result thereof?
MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS AND MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS
(SHRI SANTOSH KUMAR GANGWAR)
( a): Yes Sir.
(b) to (d): A number of countries from the Middle East region and other regions of the world have been identified for importing crude oil. The oil companies would be procuring crude oil from these countries as per their requirements. The oil import bill would depend upon the prices of crude oil prevailing at the time of actual purchases.