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All Indian Refiners Rejecting Russian Oil on Sovcomflot Tankers

OIL

All of India’s refiners are now refusing Russian oil delivered on PJSC Sovcomflot tankers due to US sanctions according to Bloomberg sources.

  • The broader pushback follows a similar move by India’s biggest private refiner, Reliance Industries reported earlier this week Bloomberg reports.
  • Both private and state refiners are scrutinising cargoes to make sure they are not associated with Sovcomflot.
  • Indian rejection of Sovcomflot cargoes has seen a higher volume of flows head to China this month, including record volumes of Sokol.

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