Iran falls to 6th biggest oil supplier to India in November

Posted on:15 Dec 2018 11:46:43
Iran falls to 6th biggest oil supplier to India in November
15 December 2018 Current Affairs:

According to Reuters, Iran dropped two places to become the sixth biggest oil supplier to India in November, after New Delhi cut purchases due to the impact of U.S. sanctions.

India is restricted to buying 1.25 million tons per month, or about 300,000 barrels per day (bpd).

Iraq and Saudi Arabia continued to be the top two oil sellers to India.

The UAE, which was the sixth biggest oil seller to India in October, became the third top seller to India in November, knocking down Venezuela by a notch to fourth position.

Nigeria continued at No. 5 position, while Iran slipped to sixth place.


According to Reuters, Iran dropped two places to become the sixth biggest oil supplier to India in November, after New Delhi cut purchases due to the impact of U.S. sanctions.

India is restricted to buying 1.25 million tons per month, or about 300,000 barrels per day (bpd).

Iraq and Saudi Arabia continued to be the top two oil sellers to India.

The UAE, which was the sixth biggest oil seller to India in October, became the third top seller to India in November, knocking down Venezuela by a notch to fourth position.

Nigeria continued at No. 5 position, while Iran slipped to sixth place.


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