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Indian Refiners Turn To Latam, Africa To Replace Russian Oil In Feb
Hindustan Times Patna
|March 14, 2025
India's crude oil imports from Latin America and Africa rose marginally in February as refiners turned to alternative sources, fearing a loss of Russian oil supplies caused by tighter U.S. sanctions, data from trade sources shows.
NEW DELHI: The South Asian nation became the biggest buyer of Russian seaborne oil sold at a discount after Western nations imposed sanctions on Moscow for its 2022 invasion of Ukraine in 2022.
This story is from the March 14, 2025 edition of Hindustan Times Patna.
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