Iraq Oil Exports Surge India Set To Benefit As Hormuz Flows Ease Reliance Industries
Economic Times
Iraq's oil exports increased significantly in August and September. This rise followed wide profit margins and Iranian tanker passage approvals
. Buyers were incentivized by substantial discounts offered on Iraqi crude oil. Major importers like China and India are receiving more heavy crude. Shipments are improving supply to key Asian markets.
India is emerging as a key buyer as Iraqi oil exports recover, with Reliance Industries receiving 4 million barrels of Basrah crude in August.
(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)
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