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                                        Volume. 12114

India’s Essar boosts Iran oil imports by 46.5% in H1
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India’s Essar Oil imported 46.5 percent more Iranian oil in the first half of this year, although shipments from Tehran fell about 62.4 percent in June compared with a year earlier, tanker arrival data made available to Reuters showed.
 
The private refiner imported 52,200 barrel per day (bpd) of oil from Iran in June, a decline of 48 percent from May. 
 
Essar shipped in 126,500 bpd of oil in January-June as it boosted purchase in the first quarter to help New Delhi achieve the targeted 220,000 bpd from Iran in the fiscal year ending March 31, 2014.
 
India’s crude imports from Iran rose by a third in the first half of the year, data from trade sources showed, after the shipments were boosted following an interim deal to slow Tehran’s nuclear activity and ease Western sanctions.
 
(Source: Reuters)
 

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