Oil Imports from Iran Highest in 15 Years

IAS Prelims 2023

India’s oil imports from Iran has surged to its highest in 15 years.

India received about 576,000 barrels per day (bpd) of Iranian oil in August, up about 10 percent from July.

Private refiner, Essar Oil ESRO.CL, was the top Indian client of Iran in August, followed by Indian Oil Corp (IOC.NS) and Mangalore Refinery and Petrochemicals Ltd (MRPL.NS).

Iran used to be India’s second-biggest oil supplier – a position now held by Iraq.