Iran Oil Exports to India Hit Record
Iran Oil Exports to India Hit Record
Thursday, April 26, 2018

Iran Oil Exports to India Hit Record

Thursday, April 26, 2018

Iran Oil Exports to India Hit Record

India purchased about 700,000 barrels of crude oil from Iran in March hitting a record high in the history of the two countries oil trades, according to a statement by Oil Ministry. Iran's oil exports to India were over 50% higher than that of last fiscal year (ended March 20, 2018), which stood at around 450,000 bpd. The country was India's second-biggest supplier after China. The sharp increase has secured Iran's position among New Delhi’s suppliers, Shana reported. The East Asian country was among the countries that did not pull out of Iran's market when western states imposed nuclear sanctions. After the implementation of the historic nuclear deal in 2016, Iran has been making every effort to regain its share in the oil and gas market. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/qdza3g
  1. https://goo.gl/hsAudM
  • https://goo.gl/y6P9mh
  • https://goo.gl/79GvAp
  • https://goo.gl/mGpTHj
  • https://goo.gl/E3bDJY

You can also read ...

Canada to Boost Support for Renewable Energy
Millions of dollars in subsidies for a Nova Scotia tidal...
The field has cumulatively produced about 15 million cubic meters of gas and 31.4 million barrels of oil and condensate.
India’s Reliance Industries has shut down an oil and gas field...
Iran's LPG Exports Fall to 356,000 Million Tons
Iran's LPG shipments loaded, or due for lifting, in September...
Saudis, Russia Planning to  Replace Iran Oil Market Share
The joint OPEC and non-OPEC ministerial committee, aka JMMC,...
Emirati Oil Company Hoarding Jet Fuel
Emirates National Oil Company has begun storing jet fuel on...
OPEC,  Non-OPEC Aug. Compliance  at 129%
An OPEC and non-OPEC monitoring committee found that oil...
$30 Million for Mazandaran Gas Expansion  Scheme
Over 4.56 trillion rials ($30 million) have been allocated to...

Add new comment