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India's BPCL Potentially Pulling Much Higher Russian Volumes

OIL

Russia is trying to find steadier crude sales and is now talking term deals with India.

  • State refiners haven't taken as much on a relative basis as private, but Bharat Petroleum is now reported by Reuters to be near a deal with Rosneft for 160 kbd contract through March 2024 - a big jump from current volumes.
  • Petro Logistics chart indicates the scale of the jump that near doubles Jan-May 2023 pace.



source: Petro Logistics

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