India top refiner resumes trade on Russian Sovcomflot ships

Oil trading activities between India and Russia have resumed as major Indian refinery on Thursday purchased crude oil shipped by a tanker controlled by Russia’s Sovcomflot.

Photo: Yoruk Isik/Reuters/Ritzau Scanpix

By Rakesh Sharma and Sharon Cho, bloomberg news

Indian Oil Corp. resumed buying Russian crude oil delivered on a tanker owned by Sovcomflot PJSC this week, paving the way for a restoration of oil flows between Russia and India, after tightened US penalties had disrupted shipments.

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US imposes new sanctions on Russian shipping and energy companies
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Russia’s Sovcomflot is renaming oil tankers hit by US sanctions
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Sovcomflot unloads Russian oil in India again
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