India loaded 12% less Iranian oil in June against May amid sanctions fear
NEW DELHI: Indian refiners ordered about 12 per cent less Iranian oil in June than in May, when the US said it would reintroduce sanctions on Iran, but sales remained around 50 percent higher than a year ago.
Refiners in India, Iran's top oil client after , are weaning themselves away from Iranian oil after the US pulled out of the 2015 nuclear deal.
The first set of sanctions will take effect on Aug. 6, and the rest, notably in the petroleum sector, following a 180-day "wind-down period" ending on Nov. 4.
Indian refiners bought around 664,000 barrels per day (bpd) of Iranian oil in June, according to a statement presented by oil minister Dharmendra Pradhan in the Lok Sabha.
Although that represented a fall from the previous month, purchases were still higher than a year ago.
"Indian refineries imported 1.9 million tonnes of crude oil from Iran in June 2017 and placed orders for 2.82 million tonnes in June 2018," Pradhan said in the statement.
India's state-refiners, which account for about 60 percent of the nation's overall 5 million bpd capacity, curbed Iranian imports in 2017/18 due to a row over the development rights of a giant gas field.
However, the state refiners raised imports in the current fiscal year starting in April after Iran offered free ship and an extended credit period of 60 days.
Iran became the second biggest oil supplier to Indian state refiners after Iraq in the April to June period but India has warned of a drastic cut in imports from the OPEC member.
India loaded about 715,600 bpd oil from Tehran in the April-June 2018, a growth of about 45 percent from the previous quarter, the data presented in parliament showed.
India's monthly oil imports from Iran declined by about 16 percent, according to tanker arrival data obtained from sources.
Iran is now offering to insure oil cargoes to India after some insurers stopped providing the service in the face of the impending sanctions.
来源：三泰虎 http://www.santaihu.com/45692.html 译者：Joyceliu
Red Eyed Modi with 56 inch chest and fear. This must be a fake news !
WILLIAM INDIA-MANGALORE-11 hours ago
WHAT A SITUATION OF FEAR...? SO CALLED STRONGMAN BECOMES SPEECHLESS.... SCATTERED JIUMBLAS...
Rajaali-11 hours ago
Wagging the tail to please the master?
PrimeMonsterOfIndia-J&K-10 hours ago-Follow
Most coward PM India ever seen. Bhakts are busy now a days in washing their massiah''s wet pants.
ashish kumar-LOCATION-11 hours ago-Follow
now again we will see rise trend in petrol and diesel
Aaaa-9 hours ago-Follow
modi to Trump ..sir as u said I have stopped buying oil from Iran
Trump..good follow my decisions
modi ..OK sir ..what's next
Trump...buy more oil from Saudi Arabia...they pay us commission...don't worry about price...it will go up to 150 per Barrel.
modi...trump sir election in India is coming ...people will remove me from post.
Trump..hey man what u have done in 4 years..divert Indians in religions casted and Pakistan terror....u will win ...this ... Read More
Pbch Chowdhuri-India-11 hours ago-Follow
That was may be a wrong move. A friend in need is a friend indeed is what India should remember.
Swaroop-11 hours ago-Follow
Very good decision, Iran always supports Pakistan, we have to isolate them and limit their powers. Now their economy will definately fall..
Meddy Hv-11 hours ago
Plz sell your vehicles now....MODI DAYS....