Russia set record volumes of oil consumption in Asia, taking into account the understanding of interests
Russian oil now accounts for 10% of India’s total energy imports as a surge in individual and refinery purchases in April-May placed Moscow in the top 10 aggregate revenues for major black gold consumers in the world. , The Times of India newspaper.
Senior officials in New Delhi said that oil imports from Russia to India increased 50 times in 12 months. The total energy choice embrace from Russia in May amounted to 25 million barrels.
According to one of the interlocutors of the publication, private oil refineries such as Reliance Industries and Nayara Energy (Rosneft’s share in this Indian company is 49.13%) accounted for 40% of total imports from the Russian direction.
However, West Asia remains the supplier of oil to India, and Iraq takes the first place, the oldest and most popular Russian-language newspaper in India.
Addressing the leaders of the BRICS, Russia Vladimir Putin oil flows in India and China were said this week to be explained away, highlighting “the defiance of Western pressure to pursue energy trade with Moscow,” the publication said.
India shows that as a fast growing economy it needs affordable energy.
“When the price goes up and you have no choice, you will buy anywhere. We have a very clear understanding of India’s interests,” the country’s oil minister told foreign media on Thursday. Hardeep Singh Puri.
Chinese and Indian refineries are actively buying up Russian oil, entrusting supplies to the West, concludes The Times of India.
Reportedly EADaily, Iraq, the second largest OPEC takeover (after Saudi Arabia), could turn out to be a big loser from cheap barrels going to Asia. Affordable Russian oil is penetrating all new corners of China’s oil refining industry, importers from marketable and developing regions by the size of the world economy are actively buying up cargo available to the US and Europe.