BAGHDAD: Iraq could overtake Saudi Arabia as the biggest crude oil supplier to India in the current fiscal year ending March 31 as an attractive Basrah crude price and Riyadh’s strong commitment to the OPEC production cut agreement pave the way for Baghdad to boost its market share in South Asia.
India, the world’s third-largest crude importer, bought 38.9 million mt from Iraq during the first 10 months of fiscal 2017-2018, provisional data from the oil ministry showed.
Saudi Arabia was the second-biggest crude supplier with 30.9 million mt over the April 2017.
