India oil imports from Iran up 13.5% in May

June 19, 2014

India’s crude imports from Iran rose considerably in May over the month before, tanker data obtained from trade sources show.

Citing trade sources, Reuters reported on Tuesday that India’s oil purchases from Iran stood at well over 255,000 barrels per day (bpd) in April, which swelled by 13.5 percent in May.

Tehran was the sixth largest crude supplier to India in May, the data showed. India is among Asia’s major importers of energy, and relies on Iran to meet a part of its energy requirements.

The Asian country’s oil purchases from Iran fell down in April-July period last year due to insurance problems as a result of US-engineered sanctions against the Islamic Republic.

Copyright, Press TV, 2014.