Rosneft CEO Forecasts India Oil Demand

Igor Sechin>>>, CEO of Rosneft>>>, speaking at the St Petersburg International Economic Forum, projected that India>>> will account for nearly half of global oil demand growth over the next decade, with its consumption reaching eight million barrels per day by 2035. He emphasized the economic benefits of Russian oil supplies to India>>> and China>>>, totaling over $40 billion since April 2022. Sechin also issued a warning about potential disruptions in the Strait of Hormuz>>>, which could lead to significant increases in fertilizer and food prices, particularly affecting vulnerable nations like India>>>, countries in Africa, and Southeast Asia. Russian President Vladimir Putin>>> also made remarks at the forum, stating that attempts to undermine India>>>'s sovereignty through sanctions would backfire under Prime Minister Narendra Modi>>>'s leadership.