Major Indian refiner phases out Russian crude ahead of sanctions deadline ...News

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Reliance has taken its last shipment of Russian oil in order to comply with US regulations

India’s top private oil refiner, Reliance Industries, has stopped processing Russian crude for export at its Jamnagar facility to comply with US sanctions.

The US announced sanctions on October 22 to “increase pressure on Russia’s energy sector and degrade the Kremlin’s ability to raise revenue for its war machine,” setting a deadline of November 21 for companies to wind down dealings with Rosneft and Lukoil.

“All pre-committed liftings of Russian crude oil as of 22 October 2025 are being honoured, considering all transport arrangements were already in place,” Reliance said in a statement on Thursday. “The final such cargo was loaded on 12 November.”

Reliance said it is not currently buying Russian oil and has not taken a view yet on whether it will resume doing so, Bloomberg reported.

Oil bought before the US announced sanctions would be processed at the part of the Jamnagar facility that supplies the domestic market.

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Cargoes arriving on or after November 20 will be received and processed at the Domestic Tariff Area (DTA), the statement said.

The export-focused part of the refiner accounts for about half of its 1.4 million barrels a day of capacity.

Reliance’s export and domestic sites at Jamnagar make it the world’s biggest oil refinery.

Bloomberg reported that the move would mean the site can continue supplying to Europe until new sanctions on Russian crude come into effect early next year.

India retained its position as the second-largest buyer of Russian crude oil in October.

The Vadinar refinery in the western Indian state of Gujarat, which was sanctioned by the EU and is partly owned by Rosneft, reportedly increased production capacity to 90% in October.

The Center for Research on Energy and Clean Air (CREA) said that while private refiners’ imports constituted over two-thirds of India’s total imports, state-owned refineries nearly doubled their Russian volumes month-on-month in October.

New Delhi has dismissed criticism over its Russian oil imports and maintains its energy policy is driven by “national interest,” though it is also expanding trade with the US. 

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