India bought more oil from Russia than Saudi Arabia and Iraq for the first time in April. In this respect Wrote The Bloomberg agency cites data from the analytical company Vortexa.
“Russia’s oil imports to India exceeded the total volume of deliveries from Saudi Arabia and Iraq for the first time last month,” the statement said.
According to Vortexa, India imported 1.7 million barrels per day from Russia last month. In April, New Delhi bought 812,000 bpd from Baghdad and 671,000 bpd from Riyadh.
In March 2023, India bought 1.6 million barrels per day from Russia, in March 2022 – 270 thousand barrels per day.
Last week, analysts at Kpler estimatedBy the end of April 2023, against the backdrop of increased imports of raw materials from Russia, India could become the largest supplier of oil products to European countries.
In the second half of April, Bloomberg cited a message from an official from the Ministry of Finance of India. Wrote About the impossibility of Indian energy companies to receive dividends in excess of $ 400 million from investments in Russian assets.