Iraq and Saudi Arabia continued to be the two largest oil suppliers to India last month.
Even with the lower purchases, Iran remained the third largest oil supplier to India during the month.
According to a data from Industry and Shipping sources, Iraq replaced Saudi Arabia as the largest country in supplying oil to India.
Reuters reports that the Iraq replaced Saudi Arabia, as refiners turned to Iraqi barrels to compensate for a lower intake of Iranian oil ahead of United States sanctions in November.
Iraq and Saudi Arabia continued to be the two largest oil suppliers to India last month (August).
Even with the lower purchases, Iran remained the third largest oil supplier to India during the month.
The United States is re-imposing sanctions on Iran following its decision in May to withdraw from the 2015 nuclear deal.
India’s monthly oil imports rose 3.1% in August.
