21 April 2014 - 12:54
  • News ID: 215485
'Essar Oil Ups Iran Oil Imports 6-Fold’

IRIB: Indian private refiner Essar Oil imported six times more crude oil from the Islamic Republic in March 2014 compared to March 2013 following a jump in shipment volumes in the final quarter of the period, a report says.

According to IRIB, Iran’s top Indian client shipped in about 231,100 barrels per day (bpd) of Iranian crude in March 2014. The figure marked a growth of about 90 percent from February, and six times more than the volume in March 2013. The number was also the highest monthly shipment since at least January 2011, Reuters reported on Thursday.

The higher volumes in the January-March 2014 quarter were apparently facilitated by the November 2013 interim deal between the Islamic Republic and six major world powers over Tehran’s nuclear energy program.

Iran and the five permanent members of the UN Security Council - the US, France, Britain, Russia, China - plus Germany reached an interim deal on November 24, 2013, in the Swiss city of Geneva to set the stage for the full settlement of the dispute over Iran’s nuclear energy program. The deal took effect on January 20.


News ID 215485

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