Lagatar24 Desk
New Delhi, Nov 6: Russia surpassed longstanding suppliers Saudi Arabia and Iraq to become India’s top oil supplier in October, according to data from energy cargo tracker Vortexa.
Russia provided 935,556 barrels per day (bpd) of crude oil to India in October, the biggest amount ever. Russia accounted for just 0.2% of India’s total oil imports in the year ending March 31, 2022.
It currently accounts for 22% of India’s total oil imports, surpassing Saudi Arabia’s 16% and Iraq’s 20.5%.
Since it began trading at a discount as the West avoided it as retaliation for Moscow’s invasion of Ukraine, India’s thirst for Russian oil has increased.
According to data from energy cargo tracker Vortexa, Russia surpassed longstanding suppliers Saudi Arabia and Iraq to become India’s top oil supplier in October.
Russia provided 935,556 barrels per day (bpd) of crude oil to India in October, the biggest amount ever. Russia accounted for just 0.2% of India’s total oil imports in the year ending March 31, 2022.
Over the next two months, imports somewhat decreased. According to Vortexa, they were 876,396 bpd in September and increased to 835,556 bpd in October.
With 888,079 bpd of supplies in October, Iraq dropped to No. 2, followed by Saudi Arabia at 746,947 bpd. The Indian government has fiercely defended its commerce with Russia, claiming that it must purchase oil from the country where it is most affordable.
