NEW DELHI: India’s Russian oil imports increased to a record 1.4 million barrels per day (bpd) in January, up 9.2% from December.
The share of Russian crude rose to a record 28% of India’s oil imports in January, with Russia remaining the top supplier followed by Iraq and Saudi Arabia. Russian crude accounted for 0.2% of India’s oil imports due to uneconomical transport logistics before Moscow sent troops into Ukraine on February 24 last year.
Last month India’s imports of Russian Sokol crude oil were the highest so far at 100,900 bpd, as output from the Sakhalin 1 field resumed under a new Russian operator, news agency Reuters reported.
