India’s Oil Imports From Iran Edged Up In September Due To Loading Delays


India’s Oil Imports From Iran Edged Up In September Due To Loading Delays

India’s oil imports from Iran edged up in September from the previous month as refiners pushed back loading of some August cargoes due to a delay in obtaining government approval to use Iranian ships and insurance, data obtained from sources showed.

Last month, India shipped in about 528,000 barrels per day (bpd) oil from Iran, about 1 percent more than the 523,000 bpd of August and about 27 percent more than a year earlier, tanker arrival data obtained from shipping and industry sources showed.

“Refiners had to delay lifting of some cargoes to late-August and early September as the government permission to use Iranian ships and insurance came in the last week of August … We could not lift full volumes in August because of this,” said a source at one of the state refiners. Read more

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