India-Bound Russian Oil Faces Deadline As US Sanctions Begin
OIL & GAS

India-Bound Russian Oil Faces Deadline As US Sanctions Begin

The clock is ticking for India-bound tankers carrying millions of barrels of crude from blacklisted Russian suppliers Rosneft PJSC and Lukoil PJSC, with the US wind-down period for sanctions expiring this Friday.

According to data from Kpler Ltd, at least 7.7 million barrels of Russia’s Urals crude linked to the two sanctioned producers are set to reach India after US restrictions take effect on 21 November. This raises concerns over whether the shipments will be able to discharge smoothly once the deadline passes.

Most of the tankers are headed to Reliance Industries Ltd’s Jamnagar refinery or Nayara Energy Ltd’s Rosneft-linked Vadinar port, with expected delivery dates spanning late November to December. Shipping destinations, however, can change mid-voyage.

Oil traders are closely monitoring flows of sanctioned Russian crude to India, a major customer, to gauge its demand for alternative supplies. New Delhi has faced increasing pressure from Washington, which argues that continued purchases support Moscow’s war effort in Ukraine.

Five of India’s seven refiners, including Reliance, earlier said they would stop taking delivery of Russian crude after 21 November. State-run Indian Oil Corporation will continue buying non-sanctioned grades, while Nayara Energy — which depends entirely on Russian cargoes — is still lifting shipments.

It remains unclear whether Indian companies have sought US exemptions to keep importing crude from Rosneft or Lukoil beyond the deadline. Hungary recently secured an exemption for Russian oil and gas, and Washington has granted limited waivers for select Lukoil transactions.

From Friday, four of Russia’s largest producers — responsible for as much as 80 per cent of its crude exports to India — will fall under sanction, exposing buyers to the risk of secondary sanctions.

If the tankers fail to arrive before the deadline, they may idle offshore while owners consider next steps, which could include ship-to-ship transfers or diversions to alternative locations such as Malaysian waters or even China.

The clock is ticking for India-bound tankers carrying millions of barrels of crude from blacklisted Russian suppliers Rosneft PJSC and Lukoil PJSC, with the US wind-down period for sanctions expiring this Friday. According to data from Kpler Ltd, at least 7.7 million barrels of Russia’s Urals crude linked to the two sanctioned producers are set to reach India after US restrictions take effect on 21 November. This raises concerns over whether the shipments will be able to discharge smoothly once the deadline passes. Most of the tankers are headed to Reliance Industries Ltd’s Jamnagar refinery or Nayara Energy Ltd’s Rosneft-linked Vadinar port, with expected delivery dates spanning late November to December. Shipping destinations, however, can change mid-voyage. Oil traders are closely monitoring flows of sanctioned Russian crude to India, a major customer, to gauge its demand for alternative supplies. New Delhi has faced increasing pressure from Washington, which argues that continued purchases support Moscow’s war effort in Ukraine. Five of India’s seven refiners, including Reliance, earlier said they would stop taking delivery of Russian crude after 21 November. State-run Indian Oil Corporation will continue buying non-sanctioned grades, while Nayara Energy — which depends entirely on Russian cargoes — is still lifting shipments. It remains unclear whether Indian companies have sought US exemptions to keep importing crude from Rosneft or Lukoil beyond the deadline. Hungary recently secured an exemption for Russian oil and gas, and Washington has granted limited waivers for select Lukoil transactions. From Friday, four of Russia’s largest producers — responsible for as much as 80 per cent of its crude exports to India — will fall under sanction, exposing buyers to the risk of secondary sanctions. If the tankers fail to arrive before the deadline, they may idle offshore while owners consider next steps, which could include ship-to-ship transfers or diversions to alternative locations such as Malaysian waters or even China.

Next Story
Infrastructure Transport

Navi Mumbai Airport To Begin Flights On 25 December

Navi Mumbai International Airport (NMIA) will begin commercial operations on 25 December, starting with 23 scheduled daily departures. For the first month, the airport will operate from 8 am to 8 pm, handling up to 10 flight movements per hour. Developed by Navi Mumbai International Airport Pvt Ltd (NMIAL), a joint venture between the Adani Group and the City and Industrial Development Corporation of Maharashtra Ltd (CIDCO), NMIA is the second major airport serving the Mumbai Metropolitan Region. It was inaugurated by Prime Minister Narendra Modi on 8 October. In its initial phase, the airpo..

Next Story
Infrastructure Transport

Kolhapur Airport Gets Revised Funding Approval

The Maharashtra government has approved a major revision in funding for the expansion of Kolhapur Airport, issuing fresh administrative and financial approval totalling Rs 2.9 billion. The allocation, formalised through a Government Resolution (GR) dated 17 November, covers the completion of land acquisition and associated works. The decision follows a proposal from the Maharashtra Airport Development Company (MADC), which oversees airport development across the state. As per the GR, the revised budget provides for acquiring 30.25 hectares of land. This includes 26.65 hectares identified thro..

Next Story
Infrastructure Transport

Sarla Aviation To Build Major eVTOL Hub In Andhra Pradesh

Sarla Aviation will set up a large-scale manufacturing hub for electric vertical take-off and landing (eVTOL) aircraft in Andhra Pradesh after signing an MoU with the state government at the CII Partnership Summit 2025 in Visakhapatnam. The Bengaluru-based firm has committed an initial investment of Rs 13 billion to develop a 500-acre integrated campus in Anantapur district. Branded the “Sky Factory”, the project is positioned as one of the world’s largest eVTOL production clusters and will support the state’s plans to expand local aerospace manufacturing and urban air-mobility infras..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement