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4d ago

Reliance Secures Reported U.S. One‑Month Waiver to Keep Taking Rosneft Oil

A reported waiver keeps pre‑booked deliveries moving as Reliance channels other Russian barrels through non‑sanctioned sellers to its domestic refinery.

Reliance granted one-month extension by Washington to import Russian oil from Rosneft
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Overview

  • Reuters, cited by Business Today, reported that the U.S. Treasury granted Reliance a one‑month concession to continue receiving Rosneft cargoes.
  • Reliance said the shipments were pre‑existing transactions and stated its final Rosneft loading was on Nov. 12, with Russian oil arriving after Nov. 20 processed at its 660,000‑bpd Jamnagar domestic unit.
  • NDTV reported that Reliance resumed buying discounted Russian crude from non‑sanctioned suppliers, hired RusExport Aframax tankers, and routed barrels to the domestic refinery.
  • NDTV also cited people saying the final cargo under the waiver reached India on Dec. 17, a timeline that differs from Reliance’s account.
  • Trade‑flow data reported by Business Today showed about 15 Rosneft cargoes to Reliance since Nov. 22, even as officials expected India’s December Russian imports to drop sharply.