India imported 17.25 million mt, or an average 4.21 million b/d, of crude oil in November, up 17.3% year on year, latest data obtained by shipping sources showed. The November crude imports were up 14.9% from October.

India imported 1.46 million mt, or an average 356,726 b/d, of crude oil from Iran in the month under review, up 23.7% year on year. Saudi Arabia was India’s top crude oil supplier in November at 4.57 million mt.

The volume was up 55% year on year and also up 79.2% from October. Imports from Venezuela, the UAE and Iraq surged in November, but from Nigeria, Kuwait and Angola dropped.

Imports from Iran jumped 24.6% year on year to 11.96 million mt, or an average 262,475 b/d, in the first 11 months of the year, the data showed.

India’s total crude imports in the first 11 months of the year edged down 0.4% year on year to 170.77 million mt, the shipping data showed.

The Petroleum Planning and Analysis Cell, a division of India’s Ministry of Petroleum and Natural Gas, will release official crude import data for November in the third week of December.

Source:hellenicshippingnews.com