State-run refiners are turning to smaller traders to stock up on the commodity Large Indian refineries are increasingly turning to smaller and less-known private traders to boost purchases of discounted Russian oil, Bloomberg reported on Friday, citing people familiar with the matter. According to the report, the bureaucracy involved in negotiating directly with Russian producers slows down the process of procuring supplies, which has pushed refiners to turn to smaller firms to facilitate deliveries. Such intermediaries reportedly include the companies Wellbred and Montfort, Indian refinery officials told the news
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