Iran has become the main oil supplier in India

Irani aggressive expansion throughout the World has taken another step forward.
According to Reuters, Iran used to be India’s second-biggest oil supplier, overtook by Iraq after tough Western sanctions over its nuclear development programme limited Tehran’s exports and access to finance.
But India’s oil imports from Iran have shot up this year after those sanctions were lifted in January. In October they surged more than threefold compared with the same month last year, rising to 789,000 barrels per day, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts.
That compares to 697,000 bpd supplied last month by Saudi Arabia. Over the whole January to October period, though, Saudi Arabia still holds India’s top supply spot, at an average of 830,000 bpd versus Iraq’s 784,000 bpd and Iran’s 456,400 bpd.
The surge is also thanks to Iranian price discounts, which attracted purchases from India’s programme to build up its strategic petroleum reserves. Last month India took in 2 million barrels of Iranian crude for the SPR stocks, and another 4 million barrels is expected to be shipped in November.
In the first seven months of its fiscal year, between April and October, India imported 523,200 bpd from Iran, compared to 249,100 bpd for the same period a year ago.