Iraq is still maintaining its position in the Indian oil imports market despite India’s increased imports of Russian oil, state news agency INA reported on Friday, citing the state-owned marketer SOMO’s head, Alaa al-Yasiri.

“Several countries including India found Russian crude oil, which is now being sold with big discounts, as an alternative to competing crude oils,” Al-Yasiri said.

But Iraq is keeping up its high market share in India thanks to the contracts it has with government and private refineries, Al-Yasiri said.
Source: Reuters (Reporting by Alaa Swilam; Editing by Hugh Lawson)