2024-03-21T10:09:33+00:00
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/ Knowledge from the Indian Ministry of Commerce and Business confirmed that Iraq exported greater than 800 thousand barrels per day to India throughout final February.
The info confirmed that India’s whole imports final month decreased by 10% from January to 4.72 million barrels per day. This decline is sharper than preliminary authorities knowledge.
Knowledge point out that Indian refiners imported 1.51 million barrels per day of Russian oil in February, accounting for about 32% of India’s whole oil imports, in comparison with 28% within the earlier month.
In accordance with the identical knowledge, in February, Indian refiners decreased their imports from Iraq by 32% in comparison with January, reaching 861,200 barrels per day, whereas purchases from Saudi Arabia elevated by 13.8% to 801,700 barrels per day.
This led to a rise in OPEC’s share of India’s month-to-month imports to about 56% in February from 54% in January.