Iraq overtakes Saudi Arabia as Indias biggest Oil Supplier

Posted on:06 Mar 2018 15:12:48
Iraq overtakes Saudi Arabia as Indias biggest Oil Supplier
06 March 2018 Current Affairs: Iraq overtook Saudi Arabia to become India’s top crude oil supplier by supplying 38.9 million tonnes (MT) crude oil in the current financial year.

It was fifth of India’s oil needs. India is 80% dependent on imports to meet its oil needs. India had imported 184.4 MT of crude oil during April.

Saudi Arabia traditionally has been India’s top oil source but Iraq dethroned it. Saudi Arabia supplied 30.9 MT of crude oil in first 10 months.

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