New Delhi/Moscow. Russia has been India’s largest crude oil supplier for the second consecutive month in November. This information has been obtained from the data of Vortexa, a company that monitors energy consignments. Data shows that Russia has overtaken traditional suppliers like Iraq and Saudi Arabia in the supply of crude oil to India. Russia accounted for just 0.2 per cent of all India’s oil imports in the year ending March 31, 2022. In November, it supplied 9,09,403 barrels per day (bpd) of crude oil to India. It accounts for more than 20 percent of India’s oil imports.
According to energy intelligence company Vortexa, India imported 8,61,461 bpd of oil from Iraq and 5,70,922 bpd from Saudi Arabia in November. The US remained India’s fourth largest supplier with 4,05,525 bpd. India’s imports from Russia in November were less than in October in terms of volume. After Russia’s attack on Ukraine, Western countries have imposed various sanctions on it. Since then India has been continuously buying Russian crude oil at subsidized rates.
According to statistics, India imported only 36,255 barrels per day of crude oil from Russia in December 2021. During this period, 1.05 million barrels per day were imported from Iraq and 9,52,625 barrels per day from Saudi Arabia. There were no imports from Russia for the next two months, but purchases of crude oil from Russia resumed in March, shortly after the start of the Ukraine war in late February. India imported 68,600 bpd of crude oil from Russia in March. While it increased to 2,66,617 bpd in the next month and reached 9,42,694 bpd in June. But in June, Iraq was India’s largest crude oil supplier with 1.04 million barrels per day