Iran oil imports fell 15.7% in fiscal year 2017/2018
Updated : April 20, 2018 01:17 PM IST
India, the world's third-biggest oil importer, shipped in a record 4.46 million barrels per day (bpd) oil in the fiscal year that ended in March to feed its expanded refining capacity.
During the period, Indian refiners received about 458,000 bpd of oil from Iran, compared to about 543,500 bpd during the prior year period, the data showed.
Last year India, Iran's top oil client after China, had instructed state refiners to cut Iranian oil imports after Tehran decided to give development rights of Farzad B gas field to other companies .
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