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Thursday, February 23, 2012

More Saudi Oil Diverted From Europe to India -- Nothing To Do With The Bakken

Link here to Oil and Gas Journal.
The Indian Ministry of Petroleum and Natural Gas said a Saudi delegation “assured affirmative consideration” of a request made during meetings in New Delhi for increased oil supplies to compensate for reduced purchases from Iran.

In 2010, according to the US Energy Information Administration, India received about 18% of its 2.2 million b/d of oil imports from Saudi Arabia and 11% from Iran.

According to press reports, India sought an additional 100,000 b/d from Saudi Arabia.
Amazing.

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