Jul 262016
 

India's top oil seller

Iraq has overtaken Saudi Arabia to become India’s top crude oil supplier while Iran has grabbed the fourth biggest exporter slot post lifting of sanctions.

Iraq sold 11 million tonnes (MT) of crude oil to India during April-June, higher than 10 MT sourced from Saudi Arabia, Petroleum Minister Dharmendra Pradhan said on Monday.

Saudi Arabia has been India’s top supplier of crude oil, selling 35 MT of oil in 2014-15 and 40.04 MT in 2015-16.

Iran, which was India’s second biggest supplier of crude oil after Saudi Arabia in 2010-11, had been relegated to seventh place in 2013-14 and 2014-15 out of the 50-odd nations India sources its crude oil from.

Contributed By Sonia Narula

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