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India's Jan-June Iran oil imports climb by a third

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Staff writer ▼ | July 24, 2014
India oil tankerIndia's crude imports from Iran rose by a third in the first half of the year, data from trade sources showed.

India, Iran's top oil client after China, raised the imports to some of the highest levels in nearly two years in the first quarter. Indian refiners shipped in 281,000 barrels per day (bpd) of oil from Iran between January and June, up from 211,400 bpd in the same period a year ago, data on tanker arrivals from trade sources shows.

China also boosted its imports after the temporary deal between Tehran and Western powers was signed in November last year, with imports from Iran rising by 50 percent in the first six months of this year.

Asian buyers are expected to import about 1.25 million to 1.3 million bpd of Iranian oil in the first half of the year, industry and government sources have said.

Iran's share of total Indian oil imports rose to 7.3 percent in the first half of this year compared with 5.4 percent last year, the tanker arrival data also showed.

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