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India oil imports from Iran rise by 21% in Feb

India’s oil imports from Iran rose by over a fifth in February, the first month after a nuclear deal that lifted restrictions on Tehran’s oil exports, preliminary tanker data obtained by Reuters shows.

Iran emerged from years of economic isolation in January when world powers led by the United States and the European Union lifted crippling sanctions against the OPEC oil producer in return for curbs on Tehran’s nuclear ambitions.

Iran is working to regain market share after sanctions relief and exports had already risen by 500,000 bpd in February, Mohsen Ghamsari, director of international affairs at National Iranian Oil Co (NIOC), said on Tuesday.

New Delhi shipped in 215,500 bpd from Tehran in February, a rise of about 21 percent from last month and more than double the about 111,000 bpd in the same month a year ago, the data showed.

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