Iraq Keeps Supplying India With Oil
Iraq Keeps Supplying India With Oil

Iraq Keeps Supplying India With Oil

Iraq Keeps Supplying India With Oil

Iraq replaced Saudi Arabia in August as the top oil supplier to India, data from industry and shipping sources showed, as refiners turned to Iraqi barrels to compensate for a lower intake of Iranian oil ahead of US sanctions in November.
Saudi Arabia and Iraq continued to be the two biggest oil suppliers to India last month, tanker arrival data obtained from sources showed. The sources declined to be identified, Reuters reported. Indian refiners shipped in 1.02 million barrels per day of Iraqi Basra oil in August, an increase of about 46% from the previous month, while imports from Saudi Arabia declined 5% to about 747,000 bpd during the period, the data showed.
India imported less Nigerian oil in August as the West African nation’s output was hit by outages in a couple of major streams such as Bonny Light and Tornados. Also, Asian buyers opted to take light sweet US oil rather than Nigerian. Overall, India’s monthly oil imports in August rose 3.1% to about 4.7 million barrels.

Short URL : https://goo.gl/NVprUC
  1. https://goo.gl/CyLrgi
  • https://goo.gl/BEoT62
  • https://goo.gl/Sut1ib
  • https://goo.gl/vvNz6g
  • https://goo.gl/2YW1VC

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...

Add new comment

Read our comment policy before posting your viewpoints