亚博体育官网首页

Russian Oil Reaches Europe via India
OIL & GAS

Russian Oil Reaches Europe via India

India has emerged as the largest exporter of fuel to the European Union, playing a significant role in the continued flow of Russian oil into Europe. Despite sanctions on Russia's oil exports, much of this crude is being refined in India and then re-exported to the EU under different labels, circumventing direct restrictions. This growing trade highlights India's pivotal role in global energy markets, especially as it continues to bolster its refining and export capacities.

The refined oil products include diesel and other fuels, which are in high demand in the EU, where energy security has become a priority amidst ongoing geopolitical tensions. India, with its robust refining infrastructure, has benefited from processing and exporting Russian oil at a higher profit margin. This indirect trade has sparked debate, as it allows Russian crude to reach Western markets while technically adhering to sanctions.

The surge in India's fuel exports to the EU underscores the shifting dynamics in global oil markets. As the EU seeks alternatives to Russian energy supplies, India鈥檚 refining prowess has positioned it as a key player in meeting European demand while navigating the complexities of international sanctions.

India has emerged as the largest exporter of fuel to the European Union, playing a significant role in the continued flow of Russian oil into Europe. Despite sanctions on Russia's oil exports, much of this crude is being refined in India and then re-exported to the EU under different labels, circumventing direct restrictions. This growing trade highlights India's pivotal role in global energy markets, especially as it continues to bolster its refining and export capacities. The refined oil products include diesel and other fuels, which are in high demand in the EU, where energy security has become a priority amidst ongoing geopolitical tensions. India, with its robust refining infrastructure, has benefited from processing and exporting Russian oil at a higher profit margin. This indirect trade has sparked debate, as it allows Russian crude to reach Western markets while technically adhering to sanctions. The surge in India's fuel exports to the EU underscores the shifting dynamics in global oil markets. As the EU seeks alternatives to Russian energy supplies, India鈥檚 refining prowess has positioned it as a key player in meeting European demand while navigating the complexities of international sanctions.

Next Story
Infrastructure Transport

Rs 64 Billion Boost for Rail Links in Three States

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved two major railway infrastructure projects worth Rs 64.05 billion (approximately USD 770 million), aimed at enhancing connectivity and freight capacity across Jharkhand, Karnataka, and Andhra Pradesh.The approved projects involve the doubling of the Koderma鈥揃arkakana and Ballari鈥揅hikjajur railway lines, extending the Indian Railways network by 318 kilometres. These upgrades are expected to significantly reduce rail congestion, improve operational efficiency, and strengthen the logistics n..

Next Story
Infrastructure Urban

Hindustan Copper To Invest Rs 20 Billion In Expansion

State-run Hindustan Copper Ltd (HCL) will invest approximately Rs 20 billion (USD 240 million) over the next five to six years to expand its mining operations, primarily at its flagship Malanjkhand Copper Project (MCP) in Madhya Pradesh, according to Chairman and Managing Director Sanjiv Kr Singh.This capital expenditure forms part of the company's broader plan to triple its annual ore production capacity from 4 million tonnes to 12.2 million tonnes by the 2030鈥�31 financial year. The investment will be funded entirely by HCL and excludes separate revival efforts for the Rakha and Chapri mine..

Next Story
Infrastructure Urban

YEIDA Clears Rs 100 Billion Noida Film City Plan

The Yamuna Expressway Industrial Development Authority (YEIDA) has approved the revised layout plan for the ambitious Noida Film City project, clearing the way for the Rs 100 billion (approx. USD 1.2 billion) venture after earlier objections. The approval, granted on 10 June, follows the rectification of environmental and safety compliance issues by the developer consortium led by film producer Boney Kapoor.YEIDA had initially rejected the proposal on 27 May due to violations of designated green areas and the absence of mandatory no-objection certificates (NOCs). These issues have now been res..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement