Arab Today, arab today india turns to oman saudi for crude supplies
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

India turns to Oman, Saudi for crude supplies

Arab Today, arab today

Arab Today, arab today India turns to Oman, Saudi for crude supplies

Muscat - Arabstoday

India has turned to Saudi Arabia and Oman for its crude purchases after New Delhi cut its oil imports from Iran by 21.8 per cent as of the beginning of the year, reported local media. According to two informed sources, India\'s Mangalore Refinery and Petrochemicals (MRPL) bought crude oil from the Abu Safah oilfield for the first time, as well as from Oman, to lessen its dependence on Iranian oil, reported Arab News. Abu Safah is an offshore field of Arab medium crude that Bahrain shares with Saudi Arabia, while Saudi Aramco handles marketing through Ras Tanura. Buyers are finding it increasingly difficult to purchase Iranian oil after the US imposed sanctions on the Kish Protection and Indemnity Club and the Bimeh Markazi-Central Insurance of Iran. The US says that Kish provides insurance for the National Iranian Tanker Co. The European Union and US sanctions, aimed at forcing Iran to curb its disputed nuclear programme, have more than halved Iran\'s oil exports in 2012. India\'s MRPL purchased 500,000 barrels from the Abu Safah oil field, which will be shipped between April 1 and April 15. In addition, India\'s MRPL has bought another 650,000 barrels from Oman and that shipment will be delivered in the second half of April by the trading arm of Shell, added the report. The sources further revealed that MRPL bought Abu Safah crude at a premium of around $1.60 over the price of Dubai crude, while it paid a premium of $1.80 for Omani crude. MRPL operates a refinery in southern India with a capacity of 300,000 barrels per day (bpd). It has been the largest purchaser of Iranian crude. time of oman

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india turns to oman saudi for crude supplies Arab Today, arab today india turns to oman saudi for crude supplies

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india turns to oman saudi for crude supplies Arab Today, arab today india turns to oman saudi for crude supplies

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 06:08 2017 Sunday ,18 June

Lower oil prices set to test US shale driller

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude

GMT 15:11 2017 Saturday ,10 June

Oil prices steady despite supply glut

GMT 14:28 2017 Sunday ,04 June

Kuwait oil price down 52 cents to USD47.83 pb
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday