Amid fuel shortages, Russia starts receiving gasoline from India
Russia has received its first gasoline shipment from India's Nayara Energy refinery, in which Rosneft holds a stake, as it faces a domestic fuel crisis.
Russia has taken delivery of its first gasoline shipment from India, according to Bloomberg, which cited tracking data from Kpler. The fuel came from Nayara Energy, an Indian refinery partly owned by Russia's Rosneft.
Bloomberg reported that the tanker Cyclone picked up roughly 42,000 tons of gasoline on June 18. In July, near the Egyptian port of Damietta, the cargo was moved onto a different vessel before finally arriving in Russia on August 5.
Purchases underway since July
Reuters had already reported in early July that Russia, grappling with a fuel shortage, had begun importing gasoline from India, with sources saying at least 60,000 tons had been shipped by that point. A source in the industry told Reuters that Russia intends to bring in a total of 400,000 tons of gasoline per month from multiple countries.
India's growing role as an oil buyer
India remains one of the top purchasers of Russian crude. In June, Russian oil exports to India hit a record 2.7 million barrels per day, making up over half of all the oil India imported that month.
