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India takes more Iran oil in Jan.-July

: Monday, August 11 - 2014 @ 09:08

India announced that it took more oil (by about 46% ) from Iran in January-July compared with a year ago as its refiners continued to lift higher volumes while world powers and Iran work to resolve a decade-old dispute over the OPEC nation’s nuclear program, Tehran Times reported. India, Iran’s top client after China, received about 210,300 barrels per day (bpd) of Iranian oil last month, nearly six times the volume as in July a year ago, data on tanker arrivals from trade sources shows. Last year, though, Indian refiners drastically cut their imports from Iran starting from April due to a lack of insurance for units processing Iranian oil. The intake from Iran in July 2013 at 35,500 bpd was the lowest since at least 2010. Over the first seven months of the year, India’s intake from Iran has averaged about 270,600 bpd, up from 185,700 bpd in the same period last year.

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Monday, August 11- 2014 @ 9:08 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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