SAUDI’S WORST NIGHTMARE? Guyana offers India 1 million barrels a day, but demands 2 things | Kinjal
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Guyana has offered India up to 20% of its daily crude oil needs, around 1 million barrels a day. But it wants 2 big things in return. Is this Saudi Arabia's worst nightmare?
On 6 November 2026, Guyana's High Commissioner to India, Dharamkumar Seeraj, pitched Guyana as India's long-term energy partner, just one day after India announced a $500 million Line of Credit for Guyana. With the Strait of Hormuz crisis shaking India's Gulf oil supply, we break down what Guyana is really offering, what it wants from India, and whether this can loosen the Gulf's grip on India's oil market.
In this video, Kinjal Choudhary explains:
🔹 Guyana's big offer: 20% of India's oil needs, about 1 million barrels a day, backed by 12 billion barrels of reserves
🔹 The 2 things Guyana wants: joint refineries and a deep-water ship-refuelling (bunkering) hub in the Atlantic
🔹 India's $500 million Line of Credit for Guyana's roads, health and defence, plus the UPI-like payment deal
🔹 Can Guyana really deliver? Its total output is just under 1 million barrels a day, and its government is entitled to only about 40% of Stabroek oil
🔹 Who really owns Guyana's oil: ExxonMobil, Chevron and China's CNOOC
🔹 The Hormuz crisis, Saudi Aramco's deepest price cuts in six years, and the Gulf's fight to keep India
🔹 Venezuela's Essequibo claim and the pending ICJ verdict
🔹 What this means for India's energy security
Useful for UPSC CSE: GS2 (International Relations) and GS3 (Energy Security).
Presented by Kinjal Choudhary
#Guyana #SaudiArabia #IndiaOil #StraitOfHormuz #Geopolitics Receive SMS online on sms24.me
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