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Iran's oil exports to India up 38 percent in 9M
(MENAFN) India's oil imports from Iran rose 38 percent in the January-September period as shipments surged with an easing of Western sanctions over Tehran's nuclear activities, Iran Daily reported.
Growth in Iranian oil imports this year was also due to a bounce off the low base of last year, when shipments were hit hard due to insurance problems triggered by the sanctions, particularly over the April-August period.
India, Iran's top oil client after China, imported about 267,800 barrels per day of crude from Iran, partly due to a big surge in the first quarter as the initial deal easing Western sanctions went into effect.
However, India's monthly Iranian oil imports fell in September for the first time since June, with the intake dropping to 241,400 bpd, down 11.7 percent from the previous month and 18.5 percent from a year ago.
Growth in Iranian oil imports this year was also due to a bounce off the low base of last year, when shipments were hit hard due to insurance problems triggered by the sanctions, particularly over the April-August period.
India, Iran's top oil client after China, imported about 267,800 barrels per day of crude from Iran, partly due to a big surge in the first quarter as the initial deal easing Western sanctions went into effect.
However, India's monthly Iranian oil imports fell in September for the first time since June, with the intake dropping to 241,400 bpd, down 11.7 percent from the previous month and 18.5 percent from a year ago.
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