The country remained the largest consumer of Russian oil brought by the sea.
Indian Oil Corporation, Indian oil’s largest oil refiner, gained 7 million oil barrels with US, Canada and the Middle East’s supply by a soft in September. This was reported on Monday by many Reuters sources.
According to them, the IOC bought 4.5 million American oil barrels, 500 thousand barrels of Canadian Western Canadian Select (WCS) and 2 million barrels of das oil mined to Abu Dhabi.
Resources are noted that partial purchase is associated with Russian oil replacement.
As mentioned by agency interlocutors, “the increasing extraction is slightly aimed at replacing Russian barrels.”
In the IOC tender, which closed Friday, P66 and Equinor will send 1 million barrels of WTI Midland American oil. Mercuria will provide 2 million barrels of the same variety. Vitol will provide another 1 million barrels of WTI Midland and WCS, and Trafigura – 2 million das barrels.
However, transactions are not disclosed.
Purchases occurred against the rear of new EU penalties against Russia’s energy. US president Donald Trump had earlier threatened countries to buy oil in Moscow with 100 percent second tariffs. In addition, Indian state oil refineries – IOC, HPCL, BPCL and MRPL – did not submit requests for Russian oil purchase last week, Reuters reported.
Remember that lately deputy head of US president Stephen Miller, has announced accusations against India, saying the country is helping to supply war in Ukraine through active oil purchases in Russia.
Earlier, the Bloomberg News agency wrote that Indian oil’s largest oil refinery had bought millions of oil barrels in the United States and the United Arab Emirates amid increased pressure from Washington and Brussels. The West was dissatisfied with New Delhi due to the continuation of Russian oil imports.
Russian Federation’s oil tanks are stuck in India – the media
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.