Official figures indicated on Saturday that Iraqi crude oil supplies to India fell by four percent in the first half of 2025 compared to the same period in 2024.
From January to June 2025, Iraq’s crude oil shipments to India averaged 860,000 barrels per day, compared to 900,000 barrels per day in 2024.
Russia remained the top supplier of crude oil to India, with 1.67 million barrels per day, followed by Iraq and Saudi Arabia.
India’s imports of Iraqi oil fell by 28,000 barrels per day, decreasing from 959,000 barrels per day in May 2024 to 931,000 barrels per day.
In early 2025, Indian refineries switched to non-Russian oil after the government informed them about US sanctions weeks before they were publicized.
China and India continue to be major importers of Iraqi oil during May, according to customs data analysis from the two countries.
Last month, China’s imports of Iraqi oil grew by more than 22,000 barrels per day on an annual basis, to 1.11 million barrels per day, compared to 1.08 million barrels per day in the same month in 2024.
During the first five months of 2025, Iraq’s crude oil exports averaged approximately 3.33 million barrels per day, compared to 3.45 million barrels per day during the same period in 2024.
Iraq’s total seaborne exports of oil decreased to 3.66 million barrels per day during May 2025, compared to 3.87 million barrels per day in May 2024.