India emerges as Iran's 2nd top petrol client

(MENAFN) Iran's crude oil exports to India in March jumped from 290,000 to 505,000 barrels per day turning the South Asian nation into Iran's second biggest oil customer.

The latest reports revealed that throughout the prohibition years, India bought nearly 20 percent of Iran's oil outbound shipments equaling an average of 200,000 bpd.

The surge in oil exports marks a significant achievement for the Iranian government in its activities in regional markets following the removal of sanctions.

In the cited month, India's Essar Oil refinery ranked first in importing crude oil from Iran while Mangalore Refinery and Petrochemicals Limited (MRPL) stood second.