Reliance Industries' Russian Crude Imports Drop 38% in April
Deep News
Yesterday
Industry vessel tracking data shows that Reliance Industries, operator of the world's largest refining complex, imported an average of 217,800 barrels per day of Russian crude in April, a decrease of 37.9% compared to the previous month.
Following a temporary easing of U.S. restrictions aimed at stabilizing international oil prices, Reliance Industries resumed imports of Iranian crude in April after a seven-year hiatus.
The data indicates that Russian crude accounted for 16.7% of the company's total crude imports in April, down from 26.3% in the previous month.
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