๐๐ป๐ฑ๐ถ๐ฎ ๐๐บ๐ฝ๐ผ๐ฟ๐๐ ๐ฅ๐๐๐๐ถ๐ฎ๐ป ๐ข๐ถ๐น ๐ฎ๐ป๐ฑ ๐๐ผ๐๐๐ถ๐น ๐๐๐ฒ๐น๐ ๐ถ๐ป ๐ ๐ฎ๐
India imported 5.8 billion euros of Russian fossil fuels in May. Data from the Centre for Research on Energy and Clean Air shows India remains the second-largest buyer of these resources.
Key import figures for May:
- Total Russian hydrocarbon imports: 5.8 billion euros
- Crude oil imports: 4.8 billion euros
- Oil product imports: 550 million euros
- Coal imports: 429 million euros
Crude oil imports from Russia rose 21 per cent compared to April. Total Indian crude import volumes increased 8 per cent month-on-month.
Refinery activity changes:
- Vadinar refinery in Gujarat: 36 per cent increase in unloaded volumes
- Jamnagar refining complex: 14 per cent increase in deliveries
- Visakhapatnam refinery: 42 per cent increase in imports
- New Mangalore refinery: 13 per cent increase in imports
- Paradip refinery in Odisha: Highest Russian crude volume in two years
Global market shares for Russian crude exports in May:
- China: 50 per cent
- India: 36 per cent
- Turkiye: 6 per cent
- European Union: 5 per cent
Reports indicate oil products made from Russian crude reached several countries despite bans. Refineries in India, Turkiye, Brunei, and Georgia exported 641 million euros of oil products to sanctioning countries in May.
Importers of these products included:
- Australia: 275 million euros
- European Union: 174 million euros
- United States: 147 million euros
- New Zealand: 45 million euros
An estimated 214 million euros of these products came from Russian crude. The Jamnagar refinery in India and the STAR refinery in Turkiye provided exports to the United States.
Source: The Times of India