India's Iran Oil Imports Slump

India's Iran Oil Imports Slump

India's oil imports from Iran fell 27% to a five-month low in August from a high base last year and ahead of a planned shutdown by two refineries. According to ship tracking data and a report compiled by Reuters Oil Research and Forecasts, the country shipped in about 198,800 barrels per day of Iran oil in August, down 7.7% from July, the data showed.  Despite the drop, India is still expected to raise imports, as sanctions against the OPEC country ease. Iran was India's second-biggest oil supplier in the fiscal year to March 31, 2007, but it slipped to seventh by last fiscal year as sanctions bit. India, the world's fourth-biggest oil consumer and Tehran's top client after China, bought 21% less Iranian oil at 214,100 bpd in the first eight months of this year, the data showed.


Short URL : https://goo.gl/Oa1Bnr
  1. https://goo.gl/4XmxQl
  • https://goo.gl/vEEK3D
  • https://goo.gl/T2gQS4
  • https://goo.gl/vxQB8Z
  • https://goo.gl/eX7HDt

You can also read ...

Russia Says US Sanctions on Iran "Unproductive"
United States' sanctions on Iran's oil industry are...
China to Cut Solar, Wind Subsidies
China will speed up efforts to ensure its wind and solar power...
Oil Coalition Seeks Consensus Ahead of Algiers Summit
With a critical meeting in Algiers fast approaching, a...
Abu Dhabi Planning Biggest Oil  IPO in Decade
Abu Dhabi is pushing ahead with an initial public offering for...
Crude Prises Higher as Supply Concerns Rise
Oil prices rose on Monday as investors worried about the...
New Power Capacity for Sistan-Baluchestan
Operations to build new combined-cycle power plants in...
Abadan  Refinery  Second Phase  on Track
The second development phase of Abadan Oil Refinery in...
ICOFC to Develop  Eight Gas Fields
Iranian Central Oil Fields Company plans to develop eight gas...