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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    India reduces its oil imports from Iraq by 10 percent

    Rocky
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    • Post n°1

    India reduces its oil imports from Iraq by 10 percent Empty India reduces its oil imports from Iraq by 10 percent

    Post by Rocky Fri 01 Sep 2023, 5:01 am

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    [size=52]India reduces its oil imports from Iraq by 10 percent[/size]
    • Aug 31 17:50

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    Information/translation... 
    A report by the British Business Standard newspaper, concerned with economic affairs, revealed Thursday that India has reduced its imports of Russian crude oil by 24 percent, its lowest level in seven months, while imports from Iraq decreased by 10 percent. 
    The report, which was translated by the information agency, stated that "Indian refining companies reduced imports of Iraqi oil on a monthly basis by 10 percent in August, to fall to 848,000 barrels per day." 
    "India's appetite for cheap Russian oil also declined in August, with demand slumping due to monsoon rains and refining companies scheduling routine maintenance work, as it witnessed the third largest reduction for the third month in a row, according to data intelligence firm Kepler," the report said.
    He continued, "The data also showed that the reduced quantities of Iraqi and Russian oil were replaced by a sharp rise in imports from Saudi Arabia, which rose by 63 percent on a monthly basis, to 852,000 barrels per day."
    And the report indicated that “Mangalore Refining and Petrochemical Company Limited, which has a production capacity of 301 thousand barrels per day, has reduced imports by two-thirds, while Victor Katona, chief crude oil analyst at Kpler, said that Reliance Industries’ purchases decreased to 1.1 million barrels per day From the usual average that It ranges between 1.2 to 1.3 million barrels, as it plans to close the crude distillation unit in September. 
    And the report indicated that “India’s total imports of crude oil, which decreased by 7 percent on a monthly basis, to 4.35 million barrels per day, are likely to increase from next October as demand for products will accelerate in the fourth quarter and there will be no large-scale maintenance.” in the following months." End/ 25 zd
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