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Essar Oil, Iran’s key Indian client, doubled oil imports from Iran in 2016/17 to about 239,000 barrels per day (bpd) as it stepped up shipments after sanctions against the Persian Gulf nation were lifted, according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters terminal.
Essar shipped in about 91,000 bpd of oil from Iran last month, a decline of about 63 percent from February, the data showed, as it diversified its crude basket.
In the last fiscal year, Indian refiners’ oil imports from Iran topped a half-a-million-bpd mark. The South Asian nation imported 541,000 bpd oil from Iran, the data showed.
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