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India’s oil imports from Iran dropped to 260,000 bpd in February 2019; 60% lower than February 2018. Iran was the third oil supplier to India in February 2018, while now it is ranked the eighth. The sanctions waivers provided by the U.S. to India allows New Delhi to import up to 300,000 bpd from Iran until May 2019.

India’s Oil Imports from Iran Drop 60% from Last Year

India’s oil imports from Iran dropped to 260,000 bpd in February 2019; 60% lower than February 2018.

Iran was the third oil supplier to India in February 2018, while now it is ranked the eighth.

The sanctions waivers provided by the U.S. to India allows New Delhi to import up to 300,000 bpd from Iran until May 2019.

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