The central government has approved petroleum imports at Adani Krishnapatnam Port in Andhra Pradesh, allowing operations from August 25, 2024, to March 1, 2026, under NSPC guidelines. This strategic move aims to address the rising demand for energy while optimizing costs amid fluctuating global fuel prices.
Using Krishnapatnam Port for petroleum imports will bolster crude oil refining on India’s east coast, improving energy efficiency. With over 80% of its crude oil needs sourced from imports, India relies on suppliers across the Middle East, Africa, Europe, and the Americas. Expanding import facilities is a critical step toward ensuring energy security and meeting the nation’s growing requirements.
At the same time, the government is focused on increasing domestic crude oil production to reduce reliance on foreign imports. Adani Ports and SEZ, India’s largest private port operator, will integrate Krishnapatnam into its network, which spans 13 locations, including the massive Mundra SEZ. This addition strengthens India’s port infrastructure, enhancing its ability to handle crucial energy imports efficiently. By leveraging Krishnapatnam Port’s capabilities, the initiative aligns with India’s broader economic and energy goals