2024-11-22

Indian imported Russian oil "made a lot of money"

This newspaper special reporter Liu Zhi Zhen Xiang

According to the latest statistics from the International Financial Data Institution, the largest international buyer in Russia in April 2022 is India.In December 2021, India’s largest oil refining dealer India Petroleum (IOC) and Rosneft reached an agreement to purchase up to 2 million tons of Ural crude oil by the end of 2022.Reuters recently quoted two dealers who understood the situation that Rosneft was transported to IOC 70 tons of Ural crude oil to IOC in May this year.Ural crude oil is the main export oil of Russia, and most of the previous supply of Europe.Indore Stock

The New York Times reported this month that although the United States frequently pressured India, the Indian side imported Russian oil regardless of foreign pressure.The Indian Ministry of Petroleum issued a statement in early May that India’s energy demand is huge, with a daily energy consumption of about 5 million barrels, and domestic oil refining capacity reaches 250 million barrels per year.Data show that between December 2021 and January 2022, the number of oil imports in India was zero. By March this year, it soared to 300,000 barrels per day, and in April, it rose to 700,000 barrels per day.In 2021, India’s imported Russian oil was less than 33,000 barrels per day. Before the Russian -Ukraine conflict was upgraded, Russian oil accounted for less than 1%of Indian oil imports. At present, Russian oil has accounted for 17%of Indian imports.Kolkata Wealth Management

To the West embarrassing, although the European Union whispered to block Russian oil imports, it would purchase oil refining products from India.Russian oil imported from India is mainly flowing to India’s national refinery and Rosneft’s refineries under the Indian -owned enterprise.Some of the Indian oil refining products are used to support the demand for domestic market and some for export.In March of this year, India’s export of diesel and other refining products in Europe reached 219,000 barrels per day, a record high.Some analysts believe that when India has increased Russian oil imports and Russian oil has become more raw materials in India’s refining industry, it is difficult to achieve the West’s export of Russian oil.

"How do India make money from imported Russia’s oilBangalore Wealth Management?" The Russian "Free Media" website reported on May 9th that quoted Russia’s National Energy Security Fund analyst Yushkov, "Now Russia’s oil is sold to India with 30%discount to India to IndiaAnd India hopes to get a 40%discount and promise to buy more Russian oil.A lot of moneyKanpur Wealth Management. "

The "Forbes" website Russian Channel reported on May 8th that Indian Xinshi Industry Corporation, which has the world’s largest refinery, recently decided to postpone the maintenance of refineries to process Russia oil.These refineries can process about 1.4 million barrels of oil every day.Compared with the previous quarter, the profit margin of Shinshi Industrial Corporation increased by 71%, and the profit margin of gasoline increased by 17%.At present, 60%of Xinshi Group’s income comes from oil sales.The company’s net income in the first three months of this year increased by 22%.Hyderabad Investment

According to Russian media, since the end of February 2022, Russian oil purchased by Indian state -owned and private refineries is 20%more than Russia -Indinched petroleum transaction volume in 2021.At present, Indian importers have prepared to increase the purchase volume, and high -level negotiations are being negotiated between Russia and India.If Russia agrees with India’s price requirements, India’s state -owned refinery can get about 15 million barrels of oil per month, accounting for about 10%of its total imports.

In addition, India also follows the Russian energy company shares sold by Western companies.According to Reuters, India is already evaluating the possibility of the shares of the Russian oil company held by the acquisition of British Petroleum.▲

Mumbai Investment