How many barrels of oil does India import per day?

India imports 96% of its oil consumption (4,255,295 barrels per day in 2016).

How many barrels of oil does India import per year?

This records a decrease from the previous number of 4,506.605 Barrel/Day th for Dec 2019. India Crude Oil: Imports data is updated yearly, averaging 1,510.361 Barrel/Day th from Dec 1980 to 2020, with 41 observations.

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Venezuela (Barrel/Day th) 4.302 2019

How many barrels does India import?

The world’s third-biggest oil importer and consumer, India shipped in about 3.9 million barrels per day (bpd) of crude last month, about 7% down from May, but 22% higher from year-earlier levels, tanker arrival data obtained from trade sources showed.

How much of India’s crude oil is imported?

India, which imports more than 80% of the crude oil it processes, saw domestic consumption fall in the June quarter due to partial lockdowns in various states to contain the spread of the second wave of the pandemic.

How much oil does India import every year?

includes petroleum and crude products. India’s financial year begins in April and ends in March. For example, FY 2017 started in April 2016 and ended in March 2017.

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Characteristic Import value in billion Indian rupees
FY 2019 9,862.75
FY 2018 7,003.21
FY 2017 5,832.17
FY 2016 5,405.05

Is India rich in oil?

India holds 4,728,790,000 barrels of proven oil reserves as of 2016, ranking 24th in the world and accounting for about 0.3% of the world’s total oil reserves of 1,650,585,140,000 barrels. India has proven reserves equivalent to 2.9 times its annual consumption.

How many petrol use in India per day?

India – Total petroleum consumption

In August 2021, petroleum consumption for India was 4,281 thousand barrels per day. Though India petroleum consumption fluctuated substantially in recent months, it tended to decrease through September 2020 – August 2021 period ending at 4,281 thousand barrels per day in August 2021.

Who imports oil from India?

India was the second top net crude oil (including crude oil products) importer of 205.3 Mt in 2019.

Oil imports by source country.

Rank Country Import value
1 Iraq $14.9 billion
2 Saudi Arabia $12.5 billion
3 United Arab Emirates $7.8 billion
4 Nigeria $5.3 billion

Which country is the largest oil supplier to India?

Agencies Iraq has been India’s top supplier for the past few years, staying ahead of Saudi Arabia, which has been producing less than its capacity to meet OPEC supply curb commitments. The United States became the fourth-largest supplier of crude oil to India in 2020, according to BP’s latest report.

What is the highest export from India?

List of exports 2012

# Product Value
1 Refined petroleum 52,905
2 Jewellery 17,814
3 Pharmaceuticals 10,886
4 Rice 6,109
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Where does India export its oil?

Iraq remained India’s top oil supplier followed by Saudi Arabia and the United Arab Emirates. Nigeria replaced Venezuela as the fourth biggest supplier. In March, India imported 4.39 million bpd, 12% more than in February as refineries ramped up output, the data showed.

How does India buy crude oil?

India is the world’s third largest crude oil importer and imports 84% of its oil requirements. … Traditionally, Opec+ and Saudi Arabia have been India’s mainstay suppliers, accounting for 86% of Indian oil imports. India’s oil import bill in FY20 and FY19 was $101.4 billion and $111.9 billion, respectively.