Iran's oil exports to India decreases by 11 percent in March

Oil&Gas Materials 10 May 2011 17:47 (UTC +04:00)

Iran 's Oil Export to India decreased in March 2011 by 11 percent to 7,100 tons compared to the same period in the previous year, Fars News reported.

Iran has exported more than 16,600 tons of crude to India in January to March of 2011. Iran's exports were 7,500 tons in January, 1,900 tons in February and 7,100 tons in March

The Central Bank of India stopped its financial transactions with Iran within the framework of the Asian Clearing Union.

Meanwhile, Iran's oil exports to India has been by 5,200 tons more in March than the previous month, which indicates that Central Bank of India's decision has not affected the volume of Iran's oil exports to India, except in February.