West Asia Crisis Update: Indian Govt Inter-Ministerial Briefing on Oil, Gas & Pharmaceuticals HOT

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#video #West Asia Crisis Update: Indian Govt Inter-Ministerial Briefing on Oil, Gas & Pharmaceuticals HOT #drama2026 #movie2026 #hotmovie

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00:08There is a clear recognition of the fact that various global supply chains of pharma

00:15inputs have disrupted on account of West Asia crisis. There is an issue related to supply

00:25of solvents and active pharmaceutical ingredients. However, there is no major increase in sales

00:32prices of drugs and pharmaceuticals. In order to support pharma industry and to maintain

00:40the availability of inputs, feedstocks and also APIs, Department of Revenue through Notification

00:47dated 1st April 2026 has slashed custom duties of 40 various petrochemical products to zero.

00:59It should be recognized that pharmaceutical sector has a very strong value chain linkage

01:06with the petroleum and petrochemical sector particularly in the supply of critical feedstocks

01:13and solvents which are used for manufacturing of drugs and syrups. In view of this interdependence,

01:21the government is working in close coordination with the Ministry of Petroleum and Natural Gas

01:27and the Department of Chemicals and Petrochemicals so that uninterrupted supply of essential pharma

01:33inputs is ensured. Accordingly, Ministry of Petroleum and Natural Gas has made allocation

01:41pro rata as per the availability of feedstocks, particularly propylene and there are other two solvents,

01:49ammonia and methanol, as with the help of Department of Fertilizer. Fertilizer manufacturing units

02:00are continuously providing the necessary input of ammonia to solvent manufacturers so that further

02:10downstream products are made available. Propylene remains the most critical input because it is used

02:17for production of isopropyl alcohol and isobutyl benzene which are used for manufacturing of medicines

02:25like ibuprofen and other necessary drugs. A significant portion of these is being supplied by the Ministry of Petroleum

02:35and Natural Gas through BPCL Kochi and Mumbai refineries. However, methanol supply has emerged as a major area of concern.

02:46In this regard, there has been discussions with Assam

02:50Petrochemicals and GNFC which are ready to supply the necessary quantities of methanol. So work is underway to establish the

03:02necessary logistics and supply chains.

03:05Supply, however, in a moderate way has already commenced. The Department of Chemicals and Petrochemicals

03:12has also extended support by suspending the quality control order of morpholine and morpholine is a very important building block

03:20used for manufacturing of various life-saving drugs.

03:23Aluminium supply required for pharmaceutical packaging has faced constraints. The restoration of supplies is underway and the situation is expected

03:31to

03:32normalize within a week or so. Supplies of LPG and HSD oil is important, particularly for ampoule and vile ceilings

03:41and are under very close watch and

03:44pharmaceutical units are currently not facing any constraints as of today. The government remains fully engaged with the

03:52facilitating supplies on case-to-case basis. That means to say, if there are any concerns, we get information and

04:00request through concerned organizations and also through associations. And as and when we get requests from these associations, we facilitate

04:12the supply in our own limited

04:14manner. Thank you. Thank you. Thank you. Now we take updates from the Petroleum Ministry. Over to you, Sujati.

04:21.

04:22.

04:26.

04:27.

04:29.

04:35Thank you very much.

04:59Thank you very much.

05:30Thank you very much.

12:06Thank you, ma'am.

12:16cowboy, we continue to engage with countries in the region.

12:19As you would have seen our press please earlier yesterday,

12:24external affairs Minister will pay an official visit to the

12:28United Arab Emirates from 11 through 12 April 26.

12:33During the visit, he will meet the leadership of the UAE to

12:38review close-coporation and deepen the comprehensive strategic partnership

12:45between the two countries. We are also reaching out to other countries in the GCC region.

12:52Our Minister of Petroleum is also visiting the region, as you would have seen. He is

12:57paying an official visit to Qatar on 9th and 10th April, 2026. Thank you very much.

13:03Asim Ji.

13:05Good afternoon. We continue to monitor the developments in the Gulf and West Asia region.

13:12Our dedicated special control room in the Ministry remains operational, and we continue to remain

13:17in regular touch with the State, Governments and Union territories. Our efforts are focused

13:22on ensuring the safety, security and welfare of the Indian community in the region. Our

13:27missions and posts are operating round-the-clock helplines and proactively assisting our citizens.

13:33Updated advisories are being issued, including information related to local government guidelines,

13:38flight and travel situation, and consular services. Our missions remain actively engaged

13:43with the Indian community associations, organizations, professional groups, Indian companies, and

13:49other stakeholders.

13:50An update on the status of flights. Flights continue to operate from the region to India

13:56from countries where airspace is open. Since February, we have traveled from the region

14:05to India. Airlines continue to operate limited non-scheduled commercial flights based on operational

14:11and safety considerations between UAE and India. Around 85 flights are expected to operate from

14:19the UAE to India today. Flights are operating from various airports in Saudi Arabia and Oman to

14:25different destinations in India. With the Qatar airspace partially open, Qatar Airways is expected

14:32to operate around 8 to 10 flights to India today.

14:36Kuwait airspace remains closed. Jazira Airways of Kuwait and Kuwait Airways continue to operate

14:42non-scheduled commercial flights from Dhammam Airport of Saudi Arabia to various destinations

14:47in India. Due to airspace closure, we continue to facilitate travel of Indian nationals from Kuwait

14:54to Saudi Arabia through Saudi Arabia to India. Bahrain airspace is now open.

15:01Gulf Air of Bahrain has announced limited flight operations from Bahrain to India that are expected

15:06to start soon. Gulf Air is operating non-scheduled commercial flights from Dhammam Airport of Saudi Arabia

15:13to various destinations in India. We continue to facilitate travel of Indian nationals from Bahrain

15:19to Saudi Arabia through Saudi Arabia to India.

15:25Our Embassy in Tehran has so far facilitated movement of 2,170 Indian nationals from Iran to Armenia and

15:34Azerbaijan for onward travel to India. This includes 971 Indian students and 657 Indian fishermen.

15:42The airspace in Israel remains closed. We continue to facilitate travel of Indian nationals from

15:49Israel through Jordan and Egypt to India. Iraqic airspace is now open. Flight operations

15:56are yet to resume. We continue to facilitate travel of Indian nationals from Iraq through

16:01Jordan and Saudi Arabia to India. Thank you.

16:05Thank you. Now we will take questions.

16:07First stroke, 54, 130, 208 and 46.

16:16Good afternoon. I am Rajesh Roy from Bloomberg. Sujata ma'am, any details possible on oil minister's

16:22visit to Qatar because Qatar is a big supplier of energy. And Mangal sir, any details on the

16:27Indian flag vessels movement? And Randhir sir, as you know over the weekend Pakistan is going

16:32to hold a high power delegation from U.S. led by J.D. Vance and also Iran. How do you

16:38see that? How does India react to that?

16:41How does India react to that?

16:45Hi, thanks. I'm Arzadi from PK. Partly asked by Rajesh. But again, what is on Mr. Puri's agenda

16:53for Qatar? Are we looking at resuming sourcing of LNG again from Qatar because Qatar has been

16:59the largest supplier? And one question to Mr. Satiprakash. Does the supply, the feedstock

17:06supplies, will they normalize the production of critical medicines now? There were also reports

17:12that some contraceptive production was also impacted because of the supplies. Have all those

17:17supplies been normalized now? Thank you.

17:20Hi, Sukhar from the Indian Express. My question is for Mangal sir and Randhir sir as well. You

17:28know, our government has maintained that there should be free passage of ships through the

17:38state of Hormuz. But now increasingly there are talks of a toll being formalized by Iran and in fact U

17:46.S.

17:47President Donald Trump also made a comment calling it a beautiful thing, you know, a big beautiful toll.

17:55Considering that our stance has always been that there should be freedom of navigation, what would be India's

18:03stand if such a system were to be formalized? Considering that there are certain examples of natural

18:09states having a toll system, for instance, the Bosphorus, the Turkish government charges a fee. So if that sort of

18:18comes into play here in the state of Hormuz, what would be our stance? Thank you.

18:29Hi, Tresh from Economic Times. Thank you for letting me ask a question. So yesterday, DG Shipping late night came

18:36out with a circular regarding some more advisories telling the ports that they should also pass on the concessions as

18:43early as possible and telling the ships to make sure that they're not overcharging of saying that there's too much

18:50insurance premium being paid.

18:51Sir, can we get to know about any of the triggers that led to this more strict advisory that was

18:57issued?

18:59Third, third row? Okay, we can move. Yes. Two, I guess, two and two is 66 and 95.

19:11Hi. So Rituraj here from MENT. My question is both for the Petroleum Ministry and Ministry of External Affairs. So

19:18Bangladesh Foreign Ministry yesterday met Hardeep Singh Puri and he sought further supplies of diesel and fertilizers. Can you give

19:28details in terms of what sort of supplies our neighboring countries have sought in terms of petroleum products?

19:35And have we made, have we made, have we actually sent further petroleum products amidst the past one month or

19:43what is the way forward on this?

19:47Hello.

19:50Hello.

19:52Hello.

20:08Thank you very much.

20:23Thank you very much.

20:53Pakistan's Defence Minister Khwaja Asif in the National Assembly of Pakistan has said that Pakistan Muslim world has two enemies,

21:01Hindustan and Israel. Now this comes just ahead of the high profile political meeting that is scheduled between America and

21:07Iran. How do we see it?

21:09Thank you very much.

21:30Thank you very much.

21:43Thank you very much.

22:01Thank you very much.

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