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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code