[size=38]India's Hindustan Petroleum Increases Imports Of Iraqi Oil By 45 Percent[You must be registered and logged in to see this link.]01/23/2022 | 6:35 PM
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A Reuters report revealed, on Sunday, that the Indian Hindustan Petroleum Company will increase its imports of Iraqi oil by 45 percent in 2022, as the refinery will buy 3.2 million tons, or about 64,000 barrels per day, from Iraq this year, up from 44,000 barrels per day in 2021.
The report, which was translated by the agency "Information", quoted an Iraqi oil source, who declined to be identified, as saying that "Iraq, as the second largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC), will be able to increase exports by up to 250 thousand barrels per day from a quarter The second is after the completion of the installation of pumping stations in its Gulf ports.”
For his part, Hindustan Petroleum Chairman MK Sorana said, "The company's imports of high-sulfur crude oil will rise after expanding its 166,000 barrels per day plant at the Vizag plant to 300,000 barrels per day by March of this year."
The report added, "The two state-owned Iraqi oil marketing companies SOMO and Hindustan Petrolium did not respond to a request for comment, as Iraq is India's largest oil supplier, and the company's high purchases will enhance the Middle Eastern state's share in Indian markets."
It is noteworthy that Hindustan Petroleum Corporation expanded its capacity in its Mumbai refineries to 190,000 barrels per day in the last quarter of 2021. finished/ 25 z