Dec 092015

crude oil supplier

Iran has toppled Kuwait to become India’s fifth largest crude oil supplier in the first half of 2015-16 fiscal year, selling over 6.5 million tons of oil.

Iran, which was India’s second biggest supplier of crude oil after Saudi Arabia till 2010-11, sold 6.53 million tons of oil to India in April-September as compared to 5.31 million tons crude coming from Kuwait, official sources said.

Last fiscal, Iran was India’s seventh largest oil supplier, selling 10.95 million tons crude.

Contriuted By Sonia Narula

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