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Indian private refiner Essar Oil’s imports from Iran fell by about 27% in October from a year ago to about 183.000 barrels per day as the company diversifies its crude purchases. according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters terminal. Reuters reported.
Russian oil major Rosneft and its partners. including global trader Trafigura and Russian fund UCP. in August closed a deal to acquire a 98.3% stake in Essar Oil for $12.9 billion. giving the consortium a foothold in Asia and securing a new outlet for its oil.
Essar Oil’s imports from Iran in October were about 88% higher than the previous month. the data showed. During January to October. the refiner received about 20% less oil from Iran at about 140.000 bpd. the data showed.
