May 182016
 

oil supplier

Iraq has now overtaken Saudi Arabia in crude oil exports to India, shipping some 960,700 barrels per day to India in April, against Saudi Arabia’s 787,700 bpd in exports to the Asian nation, turning the tables on the Saudis and placing Iraq at the top of the chain of OPEC members grappling for market share in this growing economy.

Iraq’s oil exports to India rose by 41 percent in April and by 79 percent compared to a year ago. At the same time, Saudi Arabia’s exports to India were down 14 percent in April over the same time last year.


Contributed By Sonia Narula

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