Indian refiners' fuel exports to sanctioning countries jump 43%
In short
Refineries in India and two other countries exported 1 billion euros of oil products in September, the report said. That was up 43% from August. Reliance Industries' Jamnagar refinery in Gujarat supplied six of seven cargoes unloaded at EU ports that month.
This matters because the shipments were linked to Russian crude and went to sanctioning countries. The report does not say what penalties, if any, could follow.
What the reporting says
Refineries in India, Turkiye and Brunei shipped 1 billion euros of oil products to sanctioning countries in September, up 43% from August, according to CREA cited in the reporting. Reliance Industries Ltd's Jamnagar refinery in Gujarat supplied six of seven cargoes unloaded at EU ports that month, despite the bloc's ban on fuel made from Russian crude. The immediate consequence is closer scrutiny of these trade flows; what enforcement steps may follow is not stated.
Why it matters
Refineries in India, Turkiye and Brunei shipped 1 billion euros of oil products to sanctioning countries in September, up 43% from August, according to CREA. The reporting says Reliance Industries' Jamnagar refinery in Gujarat supplied six of seven cargoes unloaded at EU ports, despite the EU ban on fuel made from Russian crude. It is not stated whether regulators will respond or whether the trade pattern will continue.