India`s annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran. according to a report compiled by Reuters Oil Research and Forecasts.
The sharp increase propelled Iran into fourth place among India`s suppliers in 2016. up from seventh position in 2015. It used to be India`s second – biggest supplier before sanctions.
For the year. the world`s third biggest oil consumer bought about 473000 barrels per day (bpd) of oil from Iran to feed expanding refining capacity. up from 208.300 bpd in 2015. the data showed.
Tags International News Agency Iran Iranian Government Entities Sanctions
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