原文标题:India replaces China as Iran's top oil buyer


NEW DELHI: India has vaulted to the top of the list of Iran's oil customers, overtaking China, in a first quarter buying surge ahead of tighter sanctions against Tehran this summer, data published by a leading industry consultant showed.

Direct imports to India from Iran were 433,000 barrels per day (bpd) in the first quarter compared with 256,000 bpd to China, according to data compiled by Geneva's Petrologistics and seen by Reuters via an industry source.



The Indian import figure was up by around 23 per cent from the 351,0000 bpd imported over the same period of 2011 and significantly above the its 2011 average of 326,000 bpd.

Iran, like many oil exporters, does not publish its own oil sales data on a timely basis, but the Petrologistics figures add to signs that India has stepped up imports due to a cooling of relations between Tehran and Beijing over payment terms.



India is also widely seen to be raising imports ahead of tighter sanctions this summer when payments, insurance and supplies are expected to be more uncertain.

Iran traditionally sells most of its 2.2 million barrels per day of oil exports in Asia, where China, India, Japan and South Korea are the four biggest buyers, although its exports have fallen this year due to international sanctions aimed at slowing Tehran's nuclear programme.



Industry sources said Iran's crude oil exports fell by around 300,000 bpd to 1.9 million bpd in March, with customers in Europe making deep cuts ahead of an EU embargo due to be implemented on July 1.

Customs data showed that China's imports from Iran for February were down by 40.3 per cent from the same period in 2011. This trend was confirmed by the Petrologistics data which showed that imports were down 39.4 per cent in the first quarter versus last year.



"China ditched some term contracts due to what they perceived as unfavourable terms and also as a bargaining ploy on prices," said a crude oil trader.

India, openly disdainful of sanctions to pressure Tehran, has been left off a list of nations given a US waiver from the measures, but is privately pushing its refiners for substantial cuts in imports from Iran.



On a monthly basis, India's crude purchases from Iran have fallen steadily from a January's 531,000 bpd when it first overtook China as top importer, the data showed, suggesting that purchases of Iranian crude have already peaked.

Petrologistics, one of several consultants estimating oil exports by tracking tanker shipments, showed that India imported 404,000 bpd in February and 363,000 bpd in March.

Reuters shipping data showed a similar trend and in February India imported about seven per cent less Iranian crude. Many expect lower volumes when new contracts begin in April.




The top Indian oil importer in the first quarter was Essar Oil, buying 142,000 bpd compared with 88,000 bpd in the first quarter of 2011, the Petrologistics data showed.

Essar plans to expand its refining capacity and will raise the capacity of its giant Vadinar refinery to 405,000 bpd this year.

Historically, Iran's biggest Indian oil client was Mangalore Refinery and Petrochemicals Ltd (MRPL), which bought 110,000 in the first quarter, down from 162,0000 bpd in 2011, the data showed.

Indian Oil Corp stepped up imports to 85,000 bpd from just 11,000 bpd in the same quarter of 2011, it showed.






Vivek (New Delhi)
12 Apr, 2012 09:07 PM
now bargain them for lower price. This is the time.
Agree (98)Disagree (30)Recommend (18)


Manmohan (Delhi)
12 Apr, 2012 09:08 PM
Though India may be ahead of china in the import of oil and defence equipments but it is far behind of china in every respect.
Agree (78)Disagree (32)Recommend (12)


kanhikara (bengalur) replies to Manmohan
12 Apr, 2012 10:37 PM
oh common manmohan (hope u r not pm)as if v r not aware of this. this peice of information is stupid indeed and everyone knows one cannot compare china with india. chinas astute leadership is much better than india's currupt. chinese are hardworking than india's lazy govt lot. and for oil chinas agenda nobody knows. the day is near it will buy usa and all western countries. china never give up. so india learn from china rather than these stupid americans who ar selfish. they have made pakistan a begger. why not all countries of world sanction usa (useless state of america). jaiho india
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Manmohan replies to kanhikara
12 Apr, 2012 10:53 PM
If you are agreeing with me then why you have wasted ten lines what i have said in one line.Where is the dispute then
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Neeraj (USA)
12 Apr, 2012 09:36 PM
India should find different sources of oil too. That's what China did. What if Iran is at war or there are sanctions on Iran what's India going to do then.
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原创翻译:三泰虎 http://www.santaihu.com

Srinu (hyderabad)
12 Apr, 2012 09:37 PM
Just bcoz US has put sanction on iran why must india suffer, it was very wise on part of India to continue to buy from iran despite US sanction, india previously also stopped gas pipe line from iran bcoz of US sanctions and ultimately india lost in the long run
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thirumalaichari (CHENNAI)
12 Apr, 2012 09:53 PM
It will be an achievement if only India could buy all 2.2million barrels/day of Iran's output intended for sale. 400,000 bpd is not at all an achievement. It is very negligible to the quantum of 2.8 mbpd of our total utility as on date. Indian Government is trapped & imposed by vested interests on the energy sector. India continues to be surrendered, coz of absence of a strong self-less, non-corrupt leader. It will not be a problem even if we lose, but should definitely fight to live in this world. If not now, we will lose the opportunity of fight to live and we would only be left with the option to fight to survive.
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ram iyer (everywhere)
12 Apr, 2012 10:31 PM
India need to balance with long term strategy. Lock Iran in with rupee trade and negotiate price and fields long term. Do gimic numbers to show that we are lowering import in short term to keep Western eyes as if we are doing something. Build banking, insurance and shipping terms with new BRICS initiative to be away from petro dollars and western institutions to be away from that cycle. Dollar is printed for US convenience and the inflation of it is sent to world through news, turmoil and others.. Finally get our acts together - cut red tape and corruption, invest in socio and physical infrastructure like education, nutrition to roads and systems to make yours attractive for others to come. Else we will need again bowl to ask others for money.
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12 Apr, 2012 10:45 PM
This is a bad news to our economy.We are still far behind an alternate oil resource.
Agree (26)Disagree (4)Recommend (6)


amaaan Indiaaann (bangalore)
12 Apr, 2012 10:45 PM
India cacn now negotiate oil prices and sign a long term agreement. play a big game..
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Kuldeep (Mumbai)
12 Apr, 2012 10:53 PM
Next news will be "US forces India to reduce Oil imports from Iran"
Agree (58)Disagree (12)Recommend (10)


mas (France)
12 Apr, 2012 10:55 PM
Every country in Asia must stand up with Iran for a new world order away from the toxicly avid West, that wil lbe beneficial for everybody.
Agree (62)Disagree (14)Recommend (24)


cloud no1 (india)
12 Apr, 2012 10:57 PM
the proud outsourcing industry of india will move to a trash if we head towards featuing in OFAC! stop buying their oil, NOW!
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原创翻译:三泰虎 http://www.santaihu.com

Right here on the Ground (India.) replies to cloud no1
13 Apr, 2012 12:04 AM
The proud Coke, Pepsi, Ford & Chevy will be thrown out too in favor of other companies. Trade is a 2 way street unfortunately.
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Vivek Mathur (New York) replies to Right here on the Ground
13 Apr, 2012 02:11 PM
The Coke, Pepsi, Fords and Chevys sold in India are made in the US? Check out the trade figures: in 2011, India imported $21 billion from the US, exported 36 billion. In addition, almost $50 billion was remitted from NRIs in the US, and billions more in FDI from US companies. 50% of India's IT/ITES exports are to the US. India is in no position to begin a trade war with the US, considering that it is India who is the major beneficiary of bilateral trade.
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ram iyer (everywhere)
12 Apr, 2012 11:04 PM
Time has come for Asia to take off. 2012 end is the marked change to that. China and India knows that buck in their pocket, time is in their side and West need to readjust. With BRICS, developing countries and latin america is looking at the Western is blatant unilateralism to hold on power through petro dollars, banking and insurance, media and pseudo democracy, NATO and my way or highway attitude. 800 million people vs 4 billion people.. Battle of Kruger underway.. Slowly gently. Hope it is a nice readjust by 2020 and not disruptive
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Gowdru (bengaluru)
12 Apr, 2012 11:10 PM
India should buy all the avialable oil rapidly before iran is invaded and oil is shipped free outa country for free.
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sats (Atlanta) replies to Gowdru
13 Apr, 2012 01:11 AM
will you store all the oil at your home water storage ?
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Mumin (USA)
12 Apr, 2012 11:33 PM
don't bow to westerners..they want to rule all the world by hook or by crook.. Iran oil is cheaper & convenient for us..
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Amused (MP) replies to Mumin
13 Apr, 2012 01:49 AM
Leave USA if you hate it. Come back to India. Your words and actions are disconnected.
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Jay (Delhi) replies to Amused
13 Apr, 2012 09:41 AM
Seems you dont understand business..
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KTR (Everywhere)
12 Apr, 2012 11:57 PM
What a superb news ! India should import more from Iran. It will be nice to see how USA reacts. They are a declining power and should be shown their place. Let the BRICS take over Iran matters. Now you dont immediately counter saying BRICS will be a flop. Iran will not be taken over by USA if it develops the bomb. Iran is getting harrased, BRICS will handle it for sure, India will be the prime mover. China is just playing a bargaining game. They will be back with a bang on Iranian oil imports, just wait and see.
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Hemans (Bangalore)
13 Apr, 2012 12:07 AM
Until and unless Sales Taxes on oil is reduced by our Central and State Govt. Common man will not have a respite !!
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原创翻译:三泰虎 http://www.santaihu.com

JasbirSinghKang (Shamaspur, Ludhiana, Punjab, India)
13 Apr, 2012 12:25 AM
"Direct imports to India from Iran were 433,000 barrels per day (bpd) ..compared with 256,000 bpd to China, according to data compiled by Geneva's Petrologistics and seen by Reuters via an industry source. " The Chinese tell the world what they need to tell. They always tell what is best for their image. OTOH - Indians are more transparent in this matter because the evil Pakies will make a meal out of nothing if the Indians determined to be lying. I do not believe a tiny bit what is said is to be the actual daily oil intake from Iran to China. Conclusion - India is set up by the foxy Chinese yet again.
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jokepill (@gmail)
13 Apr, 2012 12:34 AM
thats because chinese Vehicles has more ' MILEAGE ' than that of Indian made Automobiles ! ;; and also condition of roads are rude. ; that compells to consume more fuel...
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Inidan (India) replies to jokepill
13 Apr, 2012 01:01 AM
No that's because Chinku's scared of bid daddy US.
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indian (delhi)
13 Apr, 2012 01:01 AM
that does not make any difference........ Oil price will still go higher. but it must be very good news for corrupted congress NETASSSSSSSSSS.......
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From Heaven (Heaven)
13 Apr, 2012 01:04 AM
If US and friends would have allowed supply of nuclear fuel to India in late 1970's India would be self reliant by now. The whole point of US supporting Indian nuclear stance few years back, was to avoid India supporting middle-east islamic regimes.
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shyam (malaysia)
13 Apr, 2012 01:10 AM
Our nation has to import iranian oil as the rupee trade factored in for this is very beneficial for India. This is a heavenly sent opportunity to enhance the quantum and India has to increse its storage capacities imminently.We should not benchmark this with china, and who bothers what china does. We have our needs and must take advantage and ensure huge oil procuments from Iran as long as the going is good and it is the survival of rhe fittest.
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toy toi (chennai)
13 Apr, 2012 01:16 AM
If its india export something to iran more than china, we will be proud....
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Bart (India)
13 Apr, 2012 01:18 AM
India is not doing anything wrong. If USA has a problem with Iran's Nuke policy, US has to be strong with the message. For last several years , US is negotiating and Iranian Govt. ignores all threats! USA is weak under the present rule and is afraid to be tough!-because it is going to file for bankruptcy!
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Jay (Delhi)
13 Apr, 2012 09:39 AM
Those who supports US be prepared to walk instead of driving....because if there will be no Oil, all Cars/Bikes will be useless..
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原创翻译:三泰虎 http://www.santaihu.com

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