Reliance Says No Russian Oil Expected in January
Reliance Industries Ltd has said it has not received any Russian crude oil in the last three weeks and does not expect any deliveries from Russia during January. The company issued a clarification after reports claimed that tankers carrying Russian crude were heading to its Jamnagar refinery in Gujarat.
Statement on Crude Procurement
Reliance said the reports suggesting incoming Russian oil cargoes were incorrect and misleading. According to the company, there have been no recent shipments of Russian crude to its facilities, and none are scheduled for the current month. The Jamnagar refinery, one of the largest in the world, plays a significant role in global refining markets, making its sourcing decisions closely watched.
Impact on India’s Oil Imports
The company’s statement indicates a possible reduction in India’s overall intake of Russian crude in January. Reliance has been one of the largest buyers of Russian oil since global sanctions reshaped energy trade flows. A pause in shipments from Russia could lead to a shift toward alternative suppliers from the Middle East, Africa, or the Americas.
Market and Policy Context
The clarification comes amid heightened scrutiny of Russian oil trade and evolving international restrictions. Energy companies are adjusting procurement strategies in response to geopolitical developments, pricing dynamics, and regulatory considerations. Industry observers said refiners are increasingly cautious about sourcing decisions.
Outlook Ahead
Reliance said it continues to assess crude sourcing based on commercial viability and compliance requirements. Analysts expect refiners to remain flexible as global oil markets respond to ongoing uncertainty.
