India’s willingness to buy oil from Russia continues
reports Mehr News Agency Reuters quoted Reuters, ” Pancaj Jane, Executive Deputy Executive Minister of India on the sidelines of the Indian Energy Week conference, said India, India. The second importer of Russian crude oil buys Russian oil only from US sanctions exempt companies and tankers.
widespread Western sanctions, including the United States against Moscow, have disrupted world oil trade and forced Russian crude oil buyers to find new ways to buy its oil cargoes. .
“The responsibility for the Indian Oil Minister is to deliver the cargo to us in accordance with the requirements,” said the deputy chief executive of the Indian Oil Minister.
The Indian official’s remarks so far the most explicit comment by the world’s third largest oil importer and consumer about Delhino’s stance on Russian oil trade.
India after the West imposed Russian sanctions and reduced energy purchases from the start of Moscow and Kiev tensions from February 7, the largest buyer of Russian oil export cargoes by offshore discounts Up.
India follows UN sanctions instead of sanctions imposed by countries, but fear of secondary US sanctions will create operational challenges in Russian oil supply because banks and Indian companies in Are exposed to the US financial system.
Russian oil purchases by Indian refineries after Washington’s sanctions targeted Russian oil supply chains and increased the transportation rate of tankers. Because a number of buyers and terminals in China and India avoided the boycott.
“Indian companies are delivering crude oil cargoes at their imported destination, not at the export terminal,” said Jane. If there is an oil cargo that meets India’s domestic requirements, Indian refineries accept it, the requirements must be met by any supplier.
The Indian refinery officials also told Russian oil suppliers and traders that the oil they sell must match the parameters of US sanctions.
“We do not want to take risks, we do not give up any cargo that includes the bodies or tankers boycotted in the supply chain,” said a refinery official.
Another Indian official stated: “P style =” Text-align: Justify “> An Indian official stated: We are the only buyer and arrange complete and free procurement by sellers.
Indian companies met with the Russian Business Delegation early on this week at the Indian Energy Week conference.
Jane said Russian companies including Navatk and “span style =” text-align: justify ” > Soban Bank (sber Bank) are looking to collaborate on projects with Indian Energy Companies
