India reduced imports of Iranian oil by 36% in August

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The import of Iranian oil to India declined by 36% in August compared to July, to 488 thousand barrels per day, according to calculations by Bloomberg. Indian company Hindustan Petroleum in August did not import Iranian oil for the second month in a row. According to the agency, Indian companies Reliance Industries and Chennai Petroleum also refused to purchase oil in Iran in August, many other companies reduced their purchases. Indian Oil Corporation, the main buyer of Iranian oil, reduced imports by 47% to 134,000 barrels per day. The import of oil from Iran for India was about a quarter of the oil needed. The total refusal to purchase Iranian oil for some Indian refineries is very difficult, as they depend on specific types of Iranian oil.

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