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Russia pushes Iraq out of India's top oil supplier
Shafaq News/ Russia has removed Iraq from the forefront of the countries that supply India with oil supplies, after Iraq was the largest source for this large Asian country.
The Indian "Business Insider" website, in a report, published in English, translated by Shafak News Agency, stated that the British energy company "Fortexa" announced new data showing the new oil statistics.
The report indicated that India's imports of crude oil from Russia increased by 8% to reach 946 thousand barrels per day during the month of October.
The Indian report indicated that this figure represents 22% of India's total imports of crude oil, exceeding Iraq's share of 20.5%, and Saudi Arabia's share as well, which amounts to 16%.
In addition, the report stated, that October witnessed the first time that India imported more quantities of Russian seaborne crude than the European Union.
In a parallel context, the report pointed out that China remained the largest buyer of Russian oil, as it imported one million barrels of crude per day during the month of October.
In this context, the report stated that Russia is moving away from European markets as Western buyers have avoided Moscow since Russian President Vladimir Putin began the invasion of Ukraine, while Moscow has been selling its oil and gas production to Asian buyers at reduced prices, while severe sanctions are expected to be applied. Additional on December 5th.
However, CNN quoted Indian Oil Minister Hardeep Puri as saying a few days ago that buyers have a "moral duty" to continue buying crude oil to secure energy for citizens.
[You must be registered and logged in to see this link.]
The Indian "Business Insider" website, in a report, published in English, translated by Shafak News Agency, stated that the British energy company "Fortexa" announced new data showing the new oil statistics.
The report indicated that India's imports of crude oil from Russia increased by 8% to reach 946 thousand barrels per day during the month of October.
The Indian report indicated that this figure represents 22% of India's total imports of crude oil, exceeding Iraq's share of 20.5%, and Saudi Arabia's share as well, which amounts to 16%.
In addition, the report stated, that October witnessed the first time that India imported more quantities of Russian seaborne crude than the European Union.
In a parallel context, the report pointed out that China remained the largest buyer of Russian oil, as it imported one million barrels of crude per day during the month of October.
In this context, the report stated that Russia is moving away from European markets as Western buyers have avoided Moscow since Russian President Vladimir Putin began the invasion of Ukraine, while Moscow has been selling its oil and gas production to Asian buyers at reduced prices, while severe sanctions are expected to be applied. Additional on December 5th.
However, CNN quoted Indian Oil Minister Hardeep Puri as saying a few days ago that buyers have a "moral duty" to continue buying crude oil to secure energy for citizens.
[You must be registered and logged in to see this link.]
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