India is strengthening energy ties with Africa to diversify its supply sources, following a sharp drop in crude oil imports from Russia. In February 2025, India’s oil imports from Africa more than doubled to 330,000 barrels per day.
Indian Oil Corporation is set to receive major crude shipments from Nigeria and Angola, highlighting Africa’s rising importance in India’s energy strategy and its growing role within the G20’s global energy landscape.
India is deepening its energy investments in Africa, highlighted by ONGC’s recent $175 million loan for Mozambique’s Area 1 gas project, where Indian state-run firms hold a 30% stake.
The project aims to tap into 75 trillion cubic feet of natural gas. Additionally, BPCL plans to invest $32.9 billion in exploration projects in Mozambique and Brazil. India is also expanding its presence in Nigeria through refining ventures and a $14 billion investment pledge.
Nigerian officials are encouraging further Indian investment, especially in refining and natural gas, supported by favorable reforms to boost domestic capacity.
