NEW DELHI: India imported 13.4 percent more oil in December than a year earlier, ship tracking data obtained from sources and data compiled by Thomson Reuters Oil Research & Forecasts showed, with Iran’s share of overall imports touching a pre-sanctions level of 12 percent. India’s oil imports from Iran rose sharply to 546,600 barrels per day (bpd) last month from about 181,200 bpd a year ago, the data showed.
India, the world’s third-biggest oil consumer, shipped in about 7.4 percent more oil in 2016 than a year earlier, as processing at Indian Oil Corp’s 300,000 bpd refinery in eastern Odisha state rose. In December, Iraq displaced Saudi Arabia as the top oil supplier to India. The following table shows India’s imports by country according to the data. The imports include condensate. Volumes are in ‘000 bpd.