LSEG data indicates India and Turkey as top Urals buyers in June

02 Jul 2024 CW Team

In June, according to LSEG data and information from traders, India and Turkey emerged as the primary buyers of Urals oil cargoes loaded from Russian sea ports, while China's acquisition of this grade was hampered by poor refining margins and high freight expenses.

India, identified as the leading purchaser of seaborne Russian oil cargoes since 2022, reportedly acquired more than 65% of Urals oil loaded last month, as per Reuters estimates derived from LSEG data. Additionally, India continues to import other Russian oil grades alongside Urals. LSEG data indicated that Sikka, Vadinar, Mundra, and Cochin were the key Indian ports for receiving Urals oil cargoes, facilitating imports for major Indian oil refiners such as Reliance Industries, Nayara Energy, Indian Oil, and BPCL.

Turkey, which had significantly increased its purchases of Urals oil in May to an unprecedented level, scaled back slightly in June, representing approximately 20% of Urals oil exports last month, according to Reuters calculations based on LSEG data. The primary destinations for Urals oil cargoes in Turkey were Aliaga and Izmir, home to Tupras refineries and SOCAR's STAR refineries.

As for China, LSEG data indicated that deliveries of June-loading Urals oil to China were minimal, with only a few cargoes being sent there.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..