Indian Private Refiners Dominate Buying Of Main Russia Oil Grade

Indian Private Refiners Dominate Buying Of Main Russia Oil Grade

India has taken 80% of Russian seaborne exports of its flagship oil grade so far this year, with the country’s only two private refineries scooping up a growing portion of the cut-price crude. The South Asian nation has bought 231 million barrels of Urals in the year through June 24, according to data analytics provider Kpler. Reliance Industries Ltd. and Nayara Energy Ltd. alone took 45% of Russia’s shipments of the medium-sour variety.India’s …

Indian Private Refiners Take 80% of Russia’s Urals Oil in 2025

So far in 2025, India has taken 80% of Russia’s seaborne exports of its flagship Urals oil, highlighting its expanding significance in the world’s energy markets. By itself, Reliance Industries and Nayara Energy, two private refiners, absorbed about half of Russia’s exports. Their buying spree, which is motivated by long-term agreements and reduced rates, is a reflection of the changing Russian oil import strategy for Indian private refineries. …