Oil Diplomacy

Concept: Oil Diplomacy

Topic: International Relation

Category: India-world

Related News: Hindu, June 12

CNA mentions: 1(June 12)

Oil Diplomacy

Petroleum politics have been an increasingly important aspect of oil diplomacy since the rise of the petroleum industry in the Middle East in the early 20th century. As competition grows for an increasingly scarce but vital resource, the strategic calculations of major and minor countries alike place more prominent emphasis on the pumping, refining, transport and use of petroleum products.

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