Lukoil

06 Nov

India to Slash Russian Oil Imports as New US Sanctions Take Effect November 21

Rajeev Sharma0 CommentsIndia, World NewsIndia-Russia oil trade, Lukoil, Reliance Industries, Rosneft, US Sanctions

New Delhi, November 6, 2025 — India is set to sharply curtail its direct imports of Russian crude oil starting late November, as new US sanctions targeting Moscow’s major oil producers, Rosneft and Lukoil, come into effect on November 21.Indian refiners, who currently handle over half of the country’s Russian crude imports, are expected to comply with the sanctions, industry analysts said. The move is likely to disrupt global oil trade flows, prompting Indian companies to reassess their sourcing strategies to avoid any potential US penalties.According to Kpler, a maritime intelligence firm, Russian crude arrivals in India could fall significantly…

24 Oct

Indian Refiners Adjust Crude Oil Sourcing Amid U.S. Sanctions on Russian Giants

Rajeev Sharma0 CommentsIndiacrude oil imports, Indian refiners, Lukoil, Rosneft, U.S. sanctions

LNew Delhi, October 24, 2025 — In response to recent U.S. sanctions targeting Russian oil majors Rosneft and Lukoil, Indian refiners are strategically diversifying their crude oil imports. The U.S. sanctions, announced on October 22, prohibit American entities from engaging with these companies and warn non-U.S. firms of potential secondary penalties, with a deadline of November 21 to wind down all transactions .Currently, Russia supplies approximately one-third of India's crude oil needs, equating to about 1.7 million barrels per day, with 1.2 million barrels sourced from Rosneft and Lukoil . Major Indian refiners, including Reliance Industries and Nayara Energy, have…