GupShup, Pakistan Discussion Forum, Urdu Poetry, Send Free SMS to Pakistan, Free Urdu Courses, IT News, Pakistan Politics
HomeSend Free SMSCalendarFAQSearchRegisterMemberlistLog inContact Us

Share | 

 Easing of Western sanctions: 38% more Iranian oil imported by India in Jan-Nov

View previous topic View next topic Go down 
Junior Member
Junior Member

Warning :
Number of posts : 365
Age : 34
Location : pakistan
Reputation : 0
Points : 1095
Registration date : 2014-10-22

PostSubject: Easing of Western sanctions: 38% more Iranian oil imported by India in Jan-Nov   Wed 17 Dec 2014, 3:02 pm

NEW DELHI: Trade sources said Tuesday that India imported about 38 per cent more oil from Iran in the 11 months to November as an easing of Western sanctions earlier in the year over Tehranís disputed nuclear activities helped boost shipments.
Iran and six powers, the United States, China, Russia, Britain, France and Germany, will resume talks on Wednesday to resolve the 12-year dispute over Tehranís nuclear ambitions, after earlier failing to strike a long-term deal by a self-imposed Nov. 24 deadline. An eventual deal would remove sanctions on Tehran and likely lead to another jump in Iranian exports, further dragging on global oil prices that are mired near their lowest in more than five years amid a supply glut.
India, Iranís top client after China, imported 250,600 barrels per day (bpd) crude last month, tanker arrival data obtained from trade sources show, a growth of 14 per cent from a year ago and a decline of 19 per cent from October. Private refiner Essar Oil was the biggest buyer of Iranian oil in November followed by state-run Mangalore Refinery and Petrochemical Ltd. The two are Indiaís only regular monthly importers of Iranian crude. Arrivals from Iran over the first 11 months of the year stood at 270,100 bpd, up 37.7 per cent on year. The growth in Iranian oil imports this year was also due to the low base in 2013, when shipments were hit over April to August due to insurance problems triggered by the sanctions.
In the first eight months of the current contract year beginning April, India shipped in 35 per cent more oil from Iran from a year ago at about 174,000 bpd, the data showed. Indiaís overall imports for November totalled 3.86 million bpd, a growth of about 6.8 percent from a year ago, the data showed. Indiaís total crude imports for the January-November period fell 2.3 percent. Iranís share of Indian oil imports was about 7.1 per cent in the first eleven months of the year, compared with 5 percent last year, the data showed. Overall purchases from the Middle East declined by 7.7 per cent over January-November, while oil imports from Africa and Latin America rose, the data also showed.
Back to top Go down
View user profile
Easing of Western sanctions: 38% more Iranian oil imported by India in Jan-Nov
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum :: 
PPK Hungama
 :: Events & Politics of the World
Jump to:  

View My Stats
Powered by © phpBB Version 2.0

Copyright © 2011 - 2013 All Rights Reserved

Copying of any contents of is strictly prohibited
Please send an email to administrator "" from your official email address if you believe that any content should not be on this site, Thanks.
| Contact Us | Advertise With Us | Privacy Policy | Terms & Conditions | Disclaimer | Send Free SMS to Pakistan - Send Fast SMS to Pakistan | new year sms |

| Canon Lenses Pakistan |