Overview
- Reliance has resumed buying discounted barrels from non‑sanctioned Russian entities and is directing them to its 660,000 barrels‑a‑day Jamnagar plant that supplies the domestic market.
- The company chartered Aframax tankers through RusExport to move these shipments, according to people familiar with the flows.
- The U.S. Treasury granted Reliance an additional month to receive vessels contracted before Oct. 22, with the final waiver cargo arriving in India on Dec. 17, the sources said.
- Reliance says the post‑Nov. 21 deliveries were pre‑existing transactions being wound down in compliance, and it cites Nov. 12 as the date of its final Rosneft loading.
- Indian officials forecast Russia crude imports this month at about 800,000 barrels a day versus roughly 1.9 million in November, a drop that Reliance’s return may partially offset.