Iran’s key Indian client Nayara Energy, formerly known as Essar Oil, imported nearly 11.6 percent more oil from Tehran in May compared with a year ago, according to data from the shipping industry and sources. Nayara shipped in about 201,500 barrels per day (bpd) of oil from Iran in May, an increase of 15.2 percent from April, the data showed.
Under pressure from the likely U.S. sanction, Nayara’s oil imports from Iran are set to decline from June, sources told Reuters. The sources declined to be identified as they were not authorised to speak with media. Following are details of Nayara’s crude and condensate imports. Volumes are in 1,000 bpd Read More