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Essar imports 18 percent less oil in 2017/18

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Reuters NEW DELHI
Last Updated : Apr 20 2018 | 7:15 PM IST

NEW DELHI (Reuters) - Essar Oil, a key Indian client for Tehran, imported nearly 18 percent less oil from Iran at about 143,000 barrels per day in the fiscal year ended March compared with a year ago, according to data from the shipping industry and sources.

Essar shipped in about 132,500 barrels per day (bpd) of oil from Iran in March, a decline of about 41 percent from February, the data showed. Imports from Iran in March were about 46 percent higher than a year ago, the data showed.

The sources declined to be identified as they were not authorised to speak with media.

(Reporting by Nidhi Verma, Editing by Sherry Jacob-Phillips)

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First Published: Apr 20 2018 | 7:04 PM IST

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