Reliance industries has put a halt on Russian oil imports at it export refinery in Jamnagar, Gujarat to act in accordance with European Union targeting fuels refined from Russian crude. It was confirmed on Thursday that it halted processing Russian crude at its Special Economic Zone (SEZ) refinery that came into effect from November 20. Now, the move emerges before stricter EU sanctions set to take effect in January 2026 and impacts the oil exports of company to the EU, US and various key markets.
Reliance was on the top for Russian oil imports
A company spokesperson stated: “All product exports from the SEZ refinery will be obtained from non-Russian crude oil starting December 1,” . Reliance focused that the transition was completed before schedule to ensure full compliance.The SEZ unit, part of Reliance’s 1.4 million barrels-per-day Jamnagar refining complex, solely responsible for exports operations. The company will now redirect any Russian oil received after November 20 to its domestic-focused refinery under the same complex. Notably, Reliance was on the top for Russian oil imports, a company representative also said that it has a tremendous record of adhering to international sanctions.The last cargo of Russian crude for the Special Economic Zone (SEZ) refinery was loaded on November 12, under agreements committed before October 22. Reliance stated that these shipments were already logistically arranged and are being anchored in line with current sanctions. Furthermore, the company told that operational activities ordinarily incident to such oil supply transactions will be taken into act in full compliance.
Trump imposed a punitive 50% tariff on Indian exports to the US
Reliance had a long-term deal with Rosneft to purchase to 500,000 barrels per day of crude. However, It has been reported that the company is preparing to halt these oil imports after the fresh US sanctions against Rosneft and Lukoil which was declared by US President Donald Trump in October during his second term. Shockingly, Donald Trump imposed a punitive 50% tariff on Indian exports to the US, half of which was retaliatory over India’s continued Russian oil imports. Interestingly, Indian officials have since been negotiating tariff relief in exchange for scaling back those imports. Reliance has given hint it will line up with Indian government policy, citing recalibration of Russian oil imports is underway.
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