Iraq has overtaken Saudi Arabia by a wide margin to become India’s top crude oil supplier, meeting more than a fifth of the country’s oil needs in the current financial year.
Saudi Arabia traditionally has been India’s top oil source but in the April-January period of 2017-18, Iraq dethroned it, supplying 38.9 million tonnes (MT) of oil, Oil Minister Dharmendra Pradhan said today.
In a written reply to a question in the Lok Sabha, he said Saudi Arabia supplied 30.9 MT of crude oil in the first 10 months of the current fiscal.
India imported 184.4 MT of crude oil during the period as compared to 213.9 MT in the entire 2016-17 fiscal, and 202.8 MT in 2015-16. Read More…