RIL weighs impact of Russian oil sanctions on refinery operations
Reliance Industries Ltd (RIL), India's biggest buyer of Russian oil, just confirmed it is assessing the implications of the latest US, EU, and UK sanctions against Russian crude and refined products.
The company is now figuring out what this means for its massive Jamnagar refinery operations.
RIL's Russian oil imports and potential impact of sanctions
RIL has a huge contract with Russia's Rosneft—up to 500,000 barrels a day—which used to make up nearly half of India's Russian oil imports.
With stricter rules kicking in and a key US deadline set for November 21, 2025, RIL's move could mean less cheap Russian oil coming into India and changes in fuel exports to Europe.
This shift doesn't just affect RIL; it could shape how secure India's energy future is and where it stands in the global oil game as everyone scrambles to adapt.