Indian Private Refiners Dominate Buying of Main Russia Oil Grade
India has taken 80% of Russian seaborne exports of its flagship oil grade so far this year, with the country's only two private refineries scooping up a growing portion of the cut-price crude.
The South Asian nation has bought 231 million barrels of Urals in the year through June 24, according to data analytics provider Kpler. Reliance Industries Ltd. and Nayara Energy Ltd. alone took 45% of Russia's shipments of the medium-sour variety.
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