(MENAFN) Indian refiners took about 379,200 barrels per day (bpd) of Iranian oil through May, down 13,700 bpd from the 392,900 bpd imported in April, based on recent reports.
However, the latest data revealed that last month's shipments were three percent higher than the 368,000 bpd taken in throughout the corresponding time a year ago.
While dipping last month, India's oil imports from Iran are expected to jump in the next months when refiners Hindustan Petroleum Corp. and Bharat Petroleum Corp. begin lifting Iranian oil.
Additionally, Indian state-owned and private refiners together are forecasted to purchase at least a total of 400,000 bpd in the year that began April 1, hence a seven-year high.
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