{"id":16353,"date":"2025-12-13T07:59:43","date_gmt":"2025-12-13T07:59:43","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=16353"},"modified":"2025-12-13T07:59:43","modified_gmt":"2025-12-13T07:59:43","slug":"indias-russian-crude-imports-surge-4-in-november-hitting-five-month-high-amid-export-boom-to-australia","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/16353\/","title":{"rendered":"India\u2019s Russian Crude Imports Surge 4% in November, Hitting Five-Month High Amid Export Boom to Australia"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0India ramped up its purchases of Russian crude oil by 4% in November, reaching a five-month high of \u20ac2.6 billion and underscoring New Delhi\u2019s strategic pivot toward discounted Moscow-sourced energy amid escalating Western sanctions.<\/p>\n

According to the Centre for Research on Energy and Clean Air (CREA), a European think tank, China dominated Russia\u2019s crude exports last month with a 47% share, followed by India at 38%, Turkey at 6%, and the European Union at 6%. India\u2019s overall crude import volumes held steady, but its Russian buys marked the highest level since June. CREA forecasts potential further gains in December as pre-sanction shipments arrive.<\/p>\n

The uptick follows U.S. sanctions imposed on October 22 targeting Rosneft and Lukoil\u2014Russia\u2019s top oil producers\u2014to starve funding for the Ukraine war. These measures have frozen imports by major Indian private players, including Reliance Industries, Hindustan Petroleum Corp. Ltd. (HPCL), HPCL-Mittal Energy Ltd., and Mangalore Refinery and Petrochemicals Ltd. However, state-owned Indian Oil Corp. (IOC) has continued sourcing from unsanctioned Russian suppliers.<\/p>\n

CREA data shows state refiners boosted Russian volumes by 22% month-over-month in November, offsetting a slight dip among private firms. As the globe\u2019s third-largest oil importer, India swiftly embraced Russian crude after the West\u2019s boycott following Moscow\u2019s February 2022 invasion of Ukraine. Russia\u2019s slice of India\u2019s imports ballooned from under 1% pre-war to nearly 40% at its peak; in November, it supplied about 35% of the country\u2019s total crude needs.<\/p>\n

These barrels are refined into petrol, diesel, and other fuels for domestic consumption and lucrative exports. Last month, six refineries in India and Turkey shipped \u20ac807 million in refined products\u2014partly derived from Russian crude\u2014to key destinations: the EU (\u20ac465 million), the U.S. (\u20ac110 million), Australia (\u20ac150 million), the UK (\u20ac51 million), and Canada (\u20ac31 million). CREA estimates \u20ac301 million of these exports were directly tied to Russian feedstock, with another \u20ac297 million\u2019s end-markets unspecified.<\/p>\n

Shipments to sanctioning countries fell 8% from October, but non-sanctioning outlets filled the gap. Exports to Australia soared 69% to \u20ac150 million\u2014all loaded at Reliance\u2019s sprawling Jamnagar complex in Gujarat. Canada, after an eight-month hiatus, received its first such Russian-crude-derived cargo. The EU has banned these fuels outright, but nations like Australia, Canada, and the U.S. have yet to impose similar curbs.<\/p>\n

Reliance, a longtime Europe exporter, has committed to avoiding Russian crude for EU-bound loads. This dynamic positions India advantageously: leveraging bargain-basement prices to secure domestic energy and supercharge exports, even as geopolitical frictions intensify.<\/p>\n

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