Refineries in India and two other countries that run on Russian crude shipped 1 billion euros ($1.2 billion) of oil products to sanctioning countries in September, up 43 per cent from August, according to the Centre for Research on Energy and Clean Air (CREA).
\n\nReliance Industries' Jamnagar refinery in Gujarat accounted for six of the seven shipments received at European Union ports during the month, despite the bloc's restrictions on importing fuel produced from Russian crude. The report estimated that €295 million worth of the oil products exported by the three countries had been refined from Russian crude.
\n\nNotably, the CREA report covers refineries in India, Turkiye and Brunei. The EU took 667 million euros' worth of their products, Australia 168 million euros, the US 154 million euros and New Zealand 19 million euros.
\n\nAs per the CREA report, Italy received three of the seven EU-bound shipments, Romania two, and Spain and Cyprus one each.
\n\nFurther exports reported as destined for EU ports from refineries running on Russian crude rose 80 per cent in value, including a single 104,000-tonne cargo of gasoil (diesel) from Jamnagar still en route to Rotterdam.
\n\nThe value of exports reported as destined for EU ports…
Original source: https://www.timesnownews.com/business-economy
