India’s state oil refinery Indian Oil Corporation excluded a number of grades of oil from its latest tender, including Russian Urals. This was reported on April 12 by Reuters, citing sources.
According to him, along with the Urals, the largest Indian company has abandoned other brands of high-sour oil, including Das, Eugene Island, Thunder Horse. The tender for the supply of oil ended on April 12.
The agency specifies that IOC imports crude oil both for its own needs and for its subsidiary Chennai Petroleum. A Reuters source told Reuters that Chennai Petroleum is now looking for low-sulphur crude oil instead of high-sulphur grades. The agency’s interlocutor did not specify the reasons for such a decision.
In the previous tender, IOC bought 6 million barrels of Russian oil from the Urals for delivery in May. India’s purchases of Russian oil of this quality, which is usually imported into Europe, came after a record drop in its prices since 2005 amid growing tensions between Russia and the West due to the crisis. in Ukraine, according to sources from the Indian newspaper Business Standard. noted at the time.
Following the recent online meeting of the President of the United States Joe Biden and Prime Minister of India Narendra ModiOn April 11, a senior US administration official said the United States was not asking India for anything specific about its purchases of Russian energy resources, but felt they should not be increased.