23 Apr 2024
Wednesday 30 October 2013 - 18:22
Story Code : 61120

India ups oil imports from Iran in September

[caption id="attachment_25966" align="alignright" width="180"] A file photo showing gas flare of an Iranain oil production platform[/caption]
TEHRAN (FNA)- India imported over 296,000 barrel per day (bdp) of Iranian oil in September, showing around 100 percent rise in its crude imports from Iran in comparison to the previous month.


Figures show that India doubled its oil imports from Iran in September.

New Delhi had imported around 151,000 bpd in August, Reuters reported on Tuesday.

India is among Asias major importers of energy and relies on Iran to meet a portion of its energy demands.

Late in August, Iranian oil Minister Bijan Namdar Zanganeh vowed to remove all barriers standing on the way of increasing the country's oil production and exports through using indigenous capacities and private sector investment.

Production capacity and output are the primary factors that elevate the status of countries in international markets, thus Irans oil production capacity must return to the 2005 level in six to seven months, Zanganeh said at the time.

He stressed the need for Iran, an influential OPEC member, to boost its crude exports and make a strong return to international oil markets.

Zanganeh also voiced Irans willingness to cooperate with any foreign energy firms which could help the countrys oil exploration and extraction.

There are no limitations in this regard and we will open the countrys market and investment potentials once again to them in a bid to win their cooperation in the new phase of oil industry development, he noted.

By Fars News Agency

 

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