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State-owned refiners seek to restore Russian crude buys
Financial Express Chandigarh
|September 09, 2025
STATE-OWNED OIL refiners in India want to fully revive purchases of discounted Russian crude — pushing back against US pressure — but plans have been set back by a lack of cargoes, people familiar with the matter said.
The refiners in the South Asian nation are getting fewer offers for October-loading Russian cargoes, said the people, who asked not to be identified given the sensitivity of the trade. Barrels from Moscow had been redirected to China.
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