Reliance Industries Resumes Russian Crude Oil Imports Amidst Sanctions
20 hours agoBusiness
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4 SourcesJamnagar, India
TBNthebalanced.news
Reliance Industries Resumes Russian Crude Oil Imports Amidst Sanctions

Reliance Industries has resumed purchasing discounted Russian crude oil, sourcing barrels from non-sanctioned suppliers for its Jamnagar refinery. The company had paused imports following U.S. sanctions on Russian producers Rosneft and Lukoil. While Reliance received a one-month waiver to receive pre-contracted cargoes, its return to the market is expected to mitigate a significant drop in India's overall Russian oil imports this month.

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