India became the largest importer of Russian oil in July - Reuters
Kyiv • UNN
In July, India imported a record 2.07 million barrels of Russian oil per day, outpacing China. The share of Russian oil in India's imports reached 44%, an increase of 4.2% compared to June.
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.
India's need for Russian oil will grow if there is no further tightening of sanctions
AddendumAddendum
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.
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