--- title: "Which country has overtaken Saudi Arabia for the first time to become India's top crude oil supplier in the current fiscal, helped by sales of discounted heavy crude?" description: "Which country has overtaken Saudi Arabia for the first time to become India's top crude oil supplier in the current fiscal, helped by sales of discounted heavy crude?" author: "Bhavin Singh" published: 2018-03-11 canonical: https://answers.mindstick.com/qa/39709/which-country-has-overtaken-saudi-arabia-for-the-first-time-to-become-india-s-top-crude-oil-supplier-in-the-current-fiscal-helped-by-sales-of-discounted-heavy-crude category: "general knowledge" tags: ["general knowledge"] reading_time: 2 minutes --- # Which country has overtaken Saudi Arabia for the first time to become India's top crude oil supplier in the current fiscal, helped by sales of discounted heavy crude? Which [country](https://www.mindstick.com/news/2337/vikram-s-the-country-s-first-privately-developed-rocket-will-launch-on-november-15) has overtaken [Saudi Arabia](https://www.mindstick.com/news/1657/nagpur-s-institute-of-science-s-website-aimed-by-malaysian-hackers-reconditioning-in-progress) for the first time to become [India](https://www.mindstick.com/articles/336618/top-10-electric-bicycles-in-india-in-2024-to-improve-your-health)'s top crude [oil](https://www.mindstick.com/articles/65176/umc-engineering-to-search-for-ocean-oil-fields-at-west-siberia) [supplier](https://www.mindstick.com/news/2885/apple-supplier-foxconn-wins-airpod-deal-and-launches-200-million-factory-in-india) in the current [fiscal](https://answers.mindstick.com/qa/92754/what-is-gross-fiscal-deficit), helped by [sales](https://www.mindstick.com/articles/300275/how-to-build-an-effective-sales-strategy) of discounted heavy crude? \ \ \ ## Answers ### Answer by Biswajeet Bhattacharya ![Which country has overtaken Saudi Arabia for the first time to become India](https://answers.mindstick.com/QuestionAnswer/20c7373e-0aa2-435b-8c23-275cac91e5e3/images/f67a2ab1-029b-4680-9981-c73b7a626637.jpeg) (Iraq oil refinery) In the **current fiscal (April-January period of 2017-2018)** **Iraq** has overtaken **Saudi Arabia** for the **first** time to become India’s **top** crude oil supplier. ![Which country has overtaken Saudi Arabia for the first time to become India](https://answers.mindstick.com/QuestionAnswer/20c7373e-0aa2-435b-8c23-275cac91e5e3/images/422bf4af-6c53-483f-8d04-a2ad8d6b5cf7.jpeg) (oil refinery in Iraq) **Saudi Arabia** has been the top oil source for India. As per the answer to the question in the **Lok Sabha (lower house of the Indian Parliament)**, **Oil Minister Mr Dharmendra Pradhan** stated that Iraq dethroned Saudi Arabia as the top oil supplier in the April- January period of 2017-2018. Mr Pradhan said that Saudi Arabia supplied **30.9 MT** of crude oil in the first 10 months of the current fiscal and Iraq dethroned Saudi Arabia by supplying **38.9 MT** of crude oil. ![Which country has overtaken Saudi Arabia for the first time to become India](https://answers.mindstick.com/QuestionAnswer/20c7373e-0aa2-435b-8c23-275cac91e5e3/images/e581a62c-f6a4-4581-b229-75f40a98c7b4.jpeg) Iran continues to be the **third** largest supplier of crude oil to India, by supplying **18.4 MT** of crude oil in the current fiscal. Iran is followed by **Venezuela** as the **fourth** largest supplier of crude oil to India and **Nigeria** as the **fifth** largest supplier of crude oil to the nation. Venezuela supplied **15.5 MT** of crude oil in the current fiscal whereas Nigeria supplied India with **14.9 MT** of crude oil in the period of **April- January**. ![Which country has overtaken Saudi Arabia for the first time to become India](https://answers.mindstick.com/QuestionAnswer/20c7373e-0aa2-435b-8c23-275cac91e5e3/images/2d148dd2-d8a5-46ed-a8ae-264375d83fb2.jpeg) India is dependent on its imports of crude oil from **West Asia**. India’s crude oil consumption has increased from **58%** in the fiscal period of **2014-2015** to **63.7%** in the current fiscal. India imported **184.4 MT** of crude oil in the **current fiscal (April- January period of 2017-2018)** as compared to **213.9 MT** of crude oil in the previous fiscal period of **2016-2017**. India imported **202.8 MT** of crude oil in the fiscal period of **2015- 2016**. --- Original Source: https://answers.mindstick.com/qa/39709/which-country-has-overtaken-saudi-arabia-for-the-first-time-to-become-india-s-top-crude-oil-supplier-in-the-current-fiscal-helped-by-sales-of-discounted-heavy-crude Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.