Finance Minister Nirmala Sitharaman affirmed on Friday that the Indian government intends to persist in procuring oil from Russia. She mentioned, "Considering the decline in global oil prices, we are maintaining our ongoing oil purchases from Russia."
Bharat Petroleum Corp (BPCL) is looking at buying Venezuelan oil., said BPCL s refinery head Sanjay Khanna. However, he said that these imports won t overshadow BPCL s Russian oil purchases. Reliance, Indian Oil Corp, and HPCL-Mittal Energy had already booked Venezuelan oil cargoes post-sanctions.
India plans to resume importing Venezuelan oil after a three-year pause, seizing the opportunity presented by eased US sanctions on the South American nation. Reliance Industries Ltd has booked two supertankers, C. Earnest and C. Genuine, along with Very Large Crude Carrier Eucaly, potentially holding a total of 6 million barrels.
India plans to resume importing Venezuelan oil after a three-year pause, seizing the opportunity presented by eased US sanctions on the South American nation. Reliance Industries Ltd has booked two supertankers, C. Earnest and C. Genuine, along with Very Large Crude Carrier Eucaly, potentially holding a total of 6 million barrels.
Private refiner Reliance Industries Ltd has booked two supertankers, C. Earnest and C. Genuine, which are scheduled to load crude cargoes from Venezuela between December to early January.