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India’s Nov Crude Oil Imports Jump 17.3 percent On Year To 4.2 Mil B Per D

Date 17-December-2014
Subject India’s Nov Crude Oil Imports Jump 17.3 percent On Year To 4.2 Mil B Per D

India imported 17.25 million mt, or an average 4.21 million b Per d, of crude oil in November, up 17.3 percent year on year, latest data obtained by shipping sources showed. The November crude imports were up 14.9 percent from October.

India imported 1.46 million mt, or an average 356,726 b/d, of crude oil from Iran in the month under review, up 23.7% year on year. Saudi Arabia was India’s top crude oil supplier in November at 4.57 million mt.

The volume was up 55% year on year and also up 79.2% from October. Imports from Venezuela, the UAE and Iraq surged in November, but from Nigeria, Kuwait and Angola dropped.

Imports from Iran jumped 24.6% year on year to 11.96 million mt, or an average 262,475 b/d, in the first 11 months of the year, the data showed.

India’s total crude imports in the first 11 months of the year edged down 0.4% year on year to 170.77 million mt, the shipping data showed.

The Petroleum Planning and Analysis Cell, a division of India’s Ministry of Petroleum and Natural Gas, will release official crude import data for November in the third week of December.

Source : hellenicshippingnews.com

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