NIFTY 50

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 .
Iran oil imports fell 15.7% in fiscal year 2017/2018
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV