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Oil imports from Iran plunge to lowest level since June over gas field row

This is in possible retaliation for Tehran not awarding a gas field development to Indian companies

Reuters  |  New Delhi 

India's oil imports from Iran have fallen to their lowest since June 2016, shipping data shows, in possible retaliation for Tehran not awarding a gas field development to Indian companies. India, Iran's top oil client after China, shipped in 487,600 barrels per day (bpd) in May, about 9 per cent less compared with April and nearly 40 per cent less than a peak registered in October, according to ship tracking data obtained from sources and data compiled by Thomson Reuters Oil Research & Forecasts. Most Western-led sanctions against Tehran's nuclear programme were ...

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First Published: Thu, June 15 2017. 16:27 IST
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