Reliance Industries will resume buying up to 150,000 bpd of Russian crude from February from non-sanctioned sellers after a brief pause. The move follows US sanctions on major Russian oil firms, as Reliance diversifies supplies for its Jamnagar refinery. The private refiner plans to purchase up to 150,000 barrels per day (bpd) of Russian oil for use at its refinery, catering primarily to the domestic market. Impact of US Sanctions on Russian Oil TradeIn October, the United States imposed sanctions on Rosneft and fellow Russian energy giant Lukoil, tightening restrictions on dealings with some of Russia’s largest oil producers. In addition to adjusting its Russian oil purchases, Reliance is exploring alternative supply routes.

Source: dna January 30, 2026 03:21 UTC