Indian Refiners Turn To Latin America, Africa To Replace Russian Oil In February

In February 2025, Indian refiners shifted their focus towards Latin America and Africa to secure alternative crude oil supplies, driven by concerns over potential disruptions in Russian oil deliveries due to heightened U.S. sanctions.This strategic move follows the imposition of Western sanctions on Russia after its invasion of Ukraine in 2022, which led India to become the largest buyer of
In February 2025, Indian refiners shifted their focus towards Latin America and Africa to secure alternative crude oil supplies, driven by concerns over potential disruptions in Russian oil deliveries due to heightened U.S. sanctions.This strategic move follows the imposition of Western sanctions on Russia after its invasion of Ukraine in 2022, which led India to become the largest buyer of
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