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Data from industrial and commercial sources showed that Iraq retained the first place in the list of oil suppliers to India last August, while it came in second place, according to data published by "Reuters".
According to the data, 863,950 barrels per day of crude were shipped from Saudi Arabia to India, the third largest importer and consumer of oil in the world, up 4.8% from the previous month, while purchases from Russia fell 2.4% to 855,950 barrels per day.
Despite the rise of Saudi Arabia, the share of oil from the Organization of Petroleum Exporting Countries (OPEC) to India fell to 59.8%, the lowest level in at least 16 years as India cut imports from Africa.
India became the second largest buyer of Russian oil after China, after others reduced their purchases following Moscow's invasion of Ukraine in late February.
New Delhi has not publicly criticized Moscow for its "special military operation" in Ukraine. Prime Minister Narendra Modi is scheduled to meet with Russian President Vladimir Putin on Friday on the sidelines of the summit of the Shanghai Cooperation Organization, a regional security organization.
India's monthly imports of Russian oil continue to decline after hitting a record in June, as Moscow reduced the cuts offered on its oil.
Also in August, the UAE remained India's fourth largest oil supplier, while Kazakhstan displaced Kuwait to become fifth.
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Economie
[size=38]IRAQ IS INDIA'S LARGEST OIL EXPORTER IN A MONTH[/size]
Thursday, 15 September 2022 12:10 PM
Follow-up / National News CenterData from industrial and commercial sources showed that Iraq retained the first place in the list of oil suppliers to India last August, while it came in second place, according to data published by "Reuters".
According to the data, 863,950 barrels per day of crude were shipped from Saudi Arabia to India, the third largest importer and consumer of oil in the world, up 4.8% from the previous month, while purchases from Russia fell 2.4% to 855,950 barrels per day.
Despite the rise of Saudi Arabia, the share of oil from the Organization of Petroleum Exporting Countries (OPEC) to India fell to 59.8%, the lowest level in at least 16 years as India cut imports from Africa.
India became the second largest buyer of Russian oil after China, after others reduced their purchases following Moscow's invasion of Ukraine in late February.
New Delhi has not publicly criticized Moscow for its "special military operation" in Ukraine. Prime Minister Narendra Modi is scheduled to meet with Russian President Vladimir Putin on Friday on the sidelines of the summit of the Shanghai Cooperation Organization, a regional security organization.
India's monthly imports of Russian oil continue to decline after hitting a record in June, as Moscow reduced the cuts offered on its oil.
Also in August, the UAE remained India's fourth largest oil supplier, while Kazakhstan displaced Kuwait to become fifth.
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