New Delhi: The report quoted shipping and trade data to say import of Russian crude by Indian refineries has shot up to 800,000 bpd (barrels per day) from 30,000 bpd before the Russia-Ukraine conflict began. This is due to deep discounts of $35 per barrel, particularly on the sought-after Urals crude.
The Journal said the refineries are processing this crude and exporting petrol, diesel and chemicals such as alkylate, which is used to boost octane levels in petrol, to the US and Europe as they shun Russian products. It said traders and shippers are opting for high-sea transfers to obfuscate the origins of crude brought from Russia.
This story is from the June 02, 2022 edition of The Times of India Mumbai.
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This story is from the June 02, 2022 edition of The Times of India Mumbai.
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