Nigeria and Angola will more crude exports from Iran to India refiners cut further in April due to the shipping insurance concerns, according to traders.
Buy more crude oil refinery in India around 50%, than in February and April from west Africa to load the shipping list of traders.
"It is to do make sure they are not exposed to risk and insurance," a trader said.
Iran's oil exports could fall sharply in March by a quarter since the tight western sanctions went into effect in 2012, a month in advance to the minimum.
Tight western sanctions on Iran's disputed nuclear program have cut more than half of oil exports in the past year, lead to rial currency fell sharply. The country at the weekend passed a three-month run, the budget deficit.
Product list see India imports of west Africa, compared to about 150000 barrels of crude oil in April in February and march from 100000 to 120000 barrels, according to Reuters data, traders.
It also appears in February 2012, 130000 barrels.
Goods in Nigeria would help to prop up demand gap, is from the north sea, Algeria, Libya and the Middle East crude oil level under the pressure of competition.
However, traders said support is likely to be short-lived.
"I think there may be some temporary demand greater west African oil from India, the settlement of the Middle East gulf oil producers themselves, but it is hard to say whether it will continue to substitute for Iran, especially if the focus is on the gulf of India," a trader said.
 
 



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