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India’s Top Refiner Looks to Buy Non-Sanctioned Russian Crude
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Why This Matters
India's top refiner, Indian Oil Corporation, is planning to purchase non-sanctioned Russian crude oil for delivery in 2026, in addition to crude supplies from the US and West Africa, while ensuring compliance with international sanctions.
Market Impact
Market impact analysis based on neutral sentiment with 70% confidence.
Sentiment
Neutral
AI Confidence
70%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
India’s biggest state-held refiner, Indian Oil Corporation (IOC), is looking to buy non-sanctioned Russian crude oil for delivery in early 2026, a tender document seen by Bloomberg showed on Wednesday. IOC is also looking for crude supply from the United States and West Africa in the tender, which specifies that the sellers must ensure that the Russian Far Eastern grades ESPO and Sokol don’t come from producers, traders, or export terminals sanctioned by the U.S., the EU, the UK, or India. Last month, following the…
Original article published by
OilPrice.com
on November 12, 2025.
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