US EditionNigeria's Crude Oil Exports Rise as Indian Refineries Focus on Non-Russian Grades
11 Articles
11 Articles
India's largest state-owned refiners — Indian Oil Corp (IOC) and Bharat Petroleum Corp (BPCL) — purchased at least 22 million barrels of non-Russian oil with supplies in September and October, trade sources said, noting that the decision was made after calls from the United States to stop buying Russian crude according to Reuters.
To put an end to Russian oil purchases or to high tariffs, this is Washington's ultimatum launched in New Dehli, which could have major political and economic consequences both at home and abroad.
Nigeria Gains From India’s Search For Non-Russian Oil
By Emmanuel Nduka India’s state-owned refiners, Indian Oil Corporation (IOC) and Bharat Petroleum (BPCL), are poised to significantly boost their crude oil imports from Nigeria as part of a broader effort to reduce reliance on Russian supplies. For deliveries in September and October 2025, the two firms have collectively agreed to purchase at least 22 million barrels of non-Russian crude oil after mounting pressure from the U.S. to cease buying …
The publication refers to information from individuals directly familiar with the procurement plans of Indian Oil, Bharat Petroleum and Hindustan Petroleum
India stops buying Russian oil under US pressure, switching to other sources
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