{"id":396710,"date":"2021-01-22T08:38:49","date_gmt":"2021-01-22T03:08:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=396710"},"modified":"2021-01-22T09:14:12","modified_gmt":"2021-01-22T03:44:12","slug":"iraq-cuts-crude-oil-supplies-for-most-indian-refiners-in-2021-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/iraq-cuts-crude-oil-supplies-for-most-indian-refiners-in-2021-report\/","title":{"rendered":"Iraq cuts crude oil supplies for most Indian refiners in 2021: Report"},"content":{"rendered":"<p>NEW DELHI (Reuters) &#8211; Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20% for 2021, industry sources said, in a rare move by OPEC&#8217;s second-largest producer which is trying to meet its obligations under the group&#8217;s production deal. <\/p>\n<p>Iraq was the top oil supplier to India in 2020 and a reduction in long-term Basra crude supplies could erode Baghdad&#8217;s market share in the world&#8217;s third largest oil importer and consumer. <\/p>\n<p>Iraq&#8217;s Oil Marketing Company (SOMO) has reduced the 2021 Basra term volumes to several Indian refiners by between 10% and 20%, the sources said. <\/p>\n<p>SOMO did not immediately respond to a Reuters request for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI (Reuters) &#8211; Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20% for 2021, industry sources said, in a rare move by OPEC&#8217;s second-largest producer which is trying to meet its obligations under the group&#8217;s production deal. Iraq was the top oil supplier to India in 2020 and a reduction in long-term Basra crude supplies could erode Baghdad&#8217;s market share in the world&#8217;s third largest oil importer and consumer. Iraq&#8217;s Oil Marketing Company (SOMO) has reduced the 2021 Basra term volumes to several Indian refiners by between 10% and 20%, the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-396710","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=396710"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396710\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=396710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=396710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=396710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}