India's Russian Crude Imports Hit Record in June
Deliveries to Reliance’s Jamnagar refinery jumped 150% and imports at Indian Oil’s Paradip refinery rose 126%, CREA said.
- India's Russian crude imports surged to a record €4.5 billion in June, rising 34% month-on-month and cementing the nation as the second-largest buyer of Russian hydrocarbons after China, according to the Centre for Research on Energy and Clean Air .
- Russia's fossil fuel export revenues declined 1% to €734 million daily despite a 7% rise in volumes, yet the surge in Indian purchases lifted crude export volumes by 14% in June despite lower prices.
- Deliveries to Reliance Industries' Jamnagar refinery jumped 150% from May, while Indian Oil Corp's Paradip refinery imports rose 126%; BPCL's Kochi and Nayara Energy's Vadinar refineries also recorded increases of 83% and 45% respectively, CREA reported.
- Refineries in India, Turkiye, Brunei, and Georgia exported oil products worth €814 million to sanctioned countries in June, with the United Kingdom receiving its first jet fuel shipment from Jamnagar valued at approximately €63 million.
- Russia continues to rely on the so-called "shadow fleet," with 54% of seaborne oil transported by sanctioned shadow tankers in June, while another 43% was carried by G7-insured or owned vessels, according to CREA.
10 Articles
10 Articles
India emerges as major global hub for Russian oil refining: CREA
New Delhi: India’s imports of Russian crude oil reached an all-time high in June 2026, reinforcing New Delhi’s position as one of Moscow’s most important energy buyers even as Russia’s overall earnings from oil exports declined due to lower international crude prices, according to a latest report published on July 10 by Finland-based research organisation Centre for Research on Energy and Clean Air (CREA). The report estimated that India importe…
India's Russian Oil Import: India is continuously increasing the purchase of Russian oil, Russian oil imports reached a record high level in the month of June and it jumped 34% month on month.
Russian crude imports hit record high in June even as Moscow's oil revenues slip
India's imports of Russian crude oil surged to a record high in June, rising 34 per cent from the previous month despite a decline in Russia's overall oil export revenues, according to a report by the Centre for Research on Energy and Clean Air (CREA).
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