India Increases Oil Imports from Iraq

By John Lee.

India’s oil imports from Iraq have seen a sharp increase in January, according to Platts, climbing 56 percent to 2.48 million mt.

Eklavya Gupte, associate editor, Europe and Africa crude oil, at Platts said:

Indian refiners are importing Iraqi Basrah light crude oil to compensate for the drop in imports from Iran following western sanctions.

“The Indian refiners are now used to the Basrah light crude from Iraq.”

(Source: The Asian Age)

(Oil tanker image via Shutterstock)

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