India set to get first Iranian oil cargo delivery in seven years

India, the world's third-biggest oil importer and consumer, has not received a cargo from Tehran ⁠since May 2019
India is poised to receive its first shipment of oil from Iran in seven years, following a temporary lifting of US sanctions on Iranian crude and refined products aimed at alleviating global supply shortages.

The development was revealed by ship tracking data from LSEG and Kpler on Wednesday.

State-run Indian Oil Corp, the nation's leading refiner, has acquired the cargo.

It is currently aboard the Curacao-flagged very large crude carrier Jaya, which is en route to India's east coast and is expected to arrive later this week, according to the data.

Indian Oil did not immediately respond to a Reuters request for comment regarding the purchase.

LSEG ship tracking indicates the Jaya initially sailed to Southeast Asian waters for discharge in China before altering course for India.

Furthermore, data shows another carrier, the Jordan, is signalling India as its intended discharge location.

India's oil ministry last week said that refiners have purchased Iranian oil because of the Middle East conflict that has disrupted ‌supplies through the Strait of Hormuz, which typically ​carries about 20% of global crude supply.

The ‌ministry also said last ⁠week that refiners are not facing any problems with ⁠payments for Iranian oil purchases.

Kpler data also shows that Iranian ‌crude oil on ​water is near record-high levels ‌above 180 million barrels ​in April.

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