Why Russia is Importing Petrol from India Amidst Refinery Disruptions
Key Highlights:
- Impact of Drone Attacks: Prolonged Ukrainian drone strikes on major Russian refineries—including plants in Moscow, Omsk, Ryazan, and Orsk—have significantly degraded Russia's refining capacity, dropping crude processing to multi-year lows.
- First Shipment from India: Nayara Energy's Vadinar refinery in Gujarat dispatched a shipment of approximately 42,000 tons of petrol, which reached Russia in early August after a ship-to-ship transfer at Egypt's Damietta port.
- Shifting Energy Dynamics: While Russia remains a primary supplier of crude oil to India (accounting for over 55% of India's crude imports in July), the reverse flow of refined fuel highlights how severe domestic imbalances can turn a major energy exporter into a temporary importer.