Oil minister Dharmendra Pradhan has revealed that Iran has overtaken Saudi Arabia to become second largest supplier of crude oil to Indian public sector firms in the current fiscal's first three months. Indian public sector unions had stopped oil imports from Iran in last fiscal by quarter, and bought crude oil of 5.67 million tonnes from Iran during April-June, toppling import level from Saudi Arabia.
The Imports from Iran were next to Iraq. 9.8 million Tonnes of crude oil were bought by oil marketing companies in 2017-18 fiscal, while it was 13.04 million tonnes in 2016-17 fiscal, said Dharmendra Pradhan in a letter in Lok Sabha.
State owned firms like Mangalore
refinery and petrochemical limited, Indian oil corporation, Hindustan petroleum
corporation had bought 5.67 million tonnes of crude oil from Iran during
the first three months of 2018-19 fiscal for a whopping 19,978.46 crores
said Dharmendra Pradhan.
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