Russia more than doubled oil supplies to India in April-September – Kommersant
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Russia more than doubled oil supplies to India in April-September, reported The Economic Times. The share of Russian oil in imports to India during this period reached 40%. Russia has become the largest oil supplier to India, with Iraq and Saudi Arabia in second and third place in terms of supplies.
According to data cited by the newspaper, from April to September, the Russian Federation supplied India with an average of 1.76 million barrels per day. During the same period in 2022, 780 thousand barrels per day were exported.
In July and August, average shipments fell slightly, The Economic Times noted. At the same time, in September, Russian oil exports to India recovered to 1.54 million barrels per day. This is 11.8% more than in August, and 71.7% more than in September last year.
Meanwhile, India’s imports from Iraq fell by 12%, to 928 thousand barrels per day, and from Saudi Arabia – by 23%, to 928 thousand barrels per day. Overall, supplies to India from the Middle East fell by 28% to 1.97 million barrels per day.
Russian oil supplies to India increased sharply after the start of the military operation in Ukraine and the subsequent sanctions against Russia. By data According to Kpler analysts, India mainly buys Urals oil from Russia, which is supplied at a discount. At the same time, in September, Indian Oil Minister Hardeep Puri said about plans to reduce dependence on Russian oil, since prices from suppliers in the Middle East are “much more attractive.”
About income from Russian oil exports – in the material “Kommersant” “Oil overflows through the ceiling”.
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