In the latest developments within the Oil & Gas sector, it appears that the Indian Navy has stepped up its surveillance measures in both the Arabian Sea and Gulf of Aden. The move follows the journey of another commercial crude oil tanker, the MV Sai Baba, which is currently on its way through these potentially tumultuous waters. Continue reading to get a more detailed insight about this situation. (2 min read)
1. The Indian Navy has increased its surveillance measures in the Arabian Sea and the Gulf of Aden.
2. This move comes following the journey of the commercial crude oil tanker, MV Sai Baba, through these waters.
3. The MV Sai Baba is a crucial vessel transporting oil, highlighting the importance of these maritime routes for oil and gas trade.
4. This journey of MV Sai Baba underscores the need for safety and security in these significant transit trade waterways.
5. The enhanced security measures by the Indian Navy underscore the critical overlap between national security and energy security.
In 2020, India imported around 84% of its oil needs and is expected to spend about $105 billion in oil imports in the financial year 2022.
The Indian Navy has intensified its surveillance efforts in the Arabian Sea and Gulf of Aden, given the strategic importance of these maritime routes. Increased surveillance comes after the commercial crude oil tanker, MV Sai Baba, was allegedly intercepted in the region. As a crucial vessel transporting oil resources, MV Sai Baba's journey underscores the importance of maintaining safety and security in these waterways where significant transit trade happens. This security measure by the Indian Navy further highlights the critical overlap between national security and energy security, especially when it concerns oil and gas trade.