India’s crude imports from Iran hit seven-month low in Oct
The decrease was mainly caused by Mangalore Refinery and Petrochemicals’ (MRPL) maintenance at its 300,000 bpd refinery in southern India. In mid-September, MRPL reportedly shut nearly 46% of its crude processing capacity for about a month for maintenance.
In the first seven months of the Indian fiscal year, which starts from April 1, India’s oil imports from Iran jumped 5.6 % to 249,100 bpd on the back of higher demand from refineries following the landmark nuclear deal in July.
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