News ID: 234959
Published: 0412 GMT November 28, 2018

India increases Iran crude oil imports by 36%

India increases Iran crude oil imports by 36%

India has increased crude oil imports from Iran by 36 percent to reach 2.57 million tons in October compared to 1.89 million tons in the same month last year.

A report released by the Directorate General of Commercial Intelligence and Statistics (DGCIS) said the value of oil imports from Iran during October reached $1.42 billion, reported on Wednesday.

The report added that India had imported a majority of its crude oil from Iraq.

Meanwhile, India's imports of Saudi crude oil declined by 13 percent to reach 3.05 million tons.

India is the second-largest importer of Iranian oil after China, importing 17.62 million tons of oil between April and October this year.

The US has temporarily exempted Turkey, China, India, North Korea, Italy, Greece, Taiwan and Japan from the ban it imposed on countries purchasing Iranian oil.

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