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Body blow to RIL as US sanctions force reduce in Russian oil imports
The Political and Business Daily
|October 24, 2025
BILLIONAIRE Mukesh Ambani's Reliance Industries Ltd, India's biggest buyer of discounted Russian oil, plans to scale back imports of Russian crude oil following fresh US sanctions on Moscow-linked firms, sources said.
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State-run refiners, however, may continue purchases through intermediary traders for now, industry officials said.
Reliance, which operates the world’s largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 million barrels per day of discounted Russian crude shipped to India.
The company refines the crude into petrol, diesel and aviation turbine fuel (ATF), a large share of which is exported to markets such as Europe and the United States at market prices, generating strong margins.
Dit verhaal komt uit de October 24, 2025-editie van The Political and Business Daily.
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