African oil import
NEW DELHI: Indian refiners boosted imports of African crude oil in 2015 to the highest in at least five years and slightly cut their intake from Latin America as refiners benefited from changing global oil flows caused by surplus supply. In 2015, India imported 787,700 barrels per day (bpd) of African oil with the continent accounting for about a fifth of the South Asian nation’s overall imports from 16.7 per cent a year ago, according to data compiled by Reuters. Middle Eastern grades accounted for about 57 per cent of imports from 59 per cent a year ago, remaining India’s main source of oil.