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Iran claims India's second oil supplier in Feb., ahead of Iraq -trade data

 

 

NEW DELHI
Petroleumworld.com 03 14 2017

India's oil imports from Iran rose nearly 17 percent in February from a month earlier as refiners received less crude from key OPEC producers Saudi Arabia and Iraq after an OPEC deal to cut output, shipping data showed on Monday.

The jump meant Iran replaced regional rival Iraq as India's second-biggest oil supplier - a role Tehran used to occupy before Western sanctions were imposed against it over the country's disputed nuclear programme.

While Saudi Arabia remained the biggest oil supplier to India, ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts showed imports from Iran rose to 647,000 barrels per day in February. That was 16.7 percent more than January, and almost trebled from February 2016.

Reporting by Nidhi Verma; Editing by Kenneth Maxwell from Reuters.

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