India’s crude oil imports from Iran dropped 63% to 0.86 million tonnes in December, the bottom recorded in calendar yr 2018, in line with today’s information from Directorate General of Commerce Intelligence and Statistics (DGCIS).
India had imported 2.32 million tonnes of Iranian crude in December 2017.
Cumulatively, oil imports from Iran in the course of the April-December 2018 period accelerated 18% to 19.75 million tonnes, compared to 16.65 million tonnes imported within the corresponding duration a year ago.
India’s crude oil imports from Iran were declining due to the fact that November after US’ secondary sanctions targeting Iran’s energy area got here in impact.
Meanwhile, India’s oil imports from Saudi Arabia, the most important producer of Organization of Petroleum Exporting Countries (OPEC), jumped fifty three% 3.02 million tonnes in December 2018.
Cumulatively, India’s crude oil imports from Saudi Arabia in the April-December period jumped thirteen% to 29.39 million tonnes.
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