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Reliance buys 15 mn barrels of Russian oil amid Ukraine war: Report

Western sanctions against Russia since its Ukraine invasion have prompted many oil importers to shun trade with Moscow.

Reliance’s refinery complex spans the horizon in Jamnagar: (Photo: Dhiraj Singh/Bloomberg)
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Reliance’s refinery complex spans the horizon in Jamnagar: (Photo: Dhiraj Singh/Bloomberg)

Reuters New Delhi
Reliance Industries Ltd , operator of the world's biggest oil refining complex, has ordered at least 15 million barrels of Russian oil since Russia invaded Ukraine in February, trade sources said.

Reliance has bought an average 5 million barrels a month for the June quarter, the sources said. Reliance did not immediately respond to a Reuters' email seeking comment.

Before the Ukraine war, Indian refiners, including Reliance, rarely bought Russian oil owing to high freight costs. But Western sanctions against Russia since its Ukraine invasion, which Moscow calls a "special operation", have prompted many oil importers to shun trade with

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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