by: ArabianBusiness
Iraq, Saudi Arabia, and the UAE also expanded their share of Indian imports in the month by one percentage point each.
India imported a record volume of crude from Russia in January, touching about 28 percent of its total imports, despite the price cap put by the West on Russian oil.
India received 1.27 million barrels a day (mbd) of Russian crude in January, 6 percent more than in December, the Economic Times reported, quoting energy cargo tracker Vortexa.
India, the region’s second-biggest importer, saw January arrivals hit a record high of 5.29 million bpd, up from December’s 4.78 million bpd.
The data shows that Russia maintained its position as the top supplier, with January imports of 1.33 million bpd, up from 1.19 million bpd in December
