In July, India overtook China as the world's largest importer of Russian oil, as Chinese refiners bought less raw materials. Reuters and UNN reported , citing data on Indian supplies from trade and industrial sources.
Details
The publication explains that China has reduced its purchases due to lower profits from fuel production.
It is noted that in July, Russian oil accounted for a record 44% of India's total imports in July, rising to a record 2.07 million barrels per day. This is 4.2% more than in June and 12% more than a year ago.
This exceeds the July volume of China's oil imports from Russia, which amounted to 1.76 million barrels per day, according to Chinese customs data.
Russia starts supplying oil to Asia through the Arctic Ocean - media30.07.24, 20:30 • [views_25080]
India's need for Russian oil will grow if there is no further tightening of sanctions
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It is noted that last month, Iraq remained the second largest supplier of oil to India, followed by Saudi Arabia and the UAE.
According to the data, in July, Indian oil purchases in the Middle East increased by 4%, which increased the region's share in total purchases to 40% from 38% in June.
Recall
The head of the OP, Andriy Yermak, said that Russia is resorting to risky schemes to import oil because of the sanctions. He called on Ukraine's international partners to tighten restrictions as Moscow gradually adapts to the sanctions.