Russian oil arrivals at the Jamnagar refinery increased from zero to 440,000 barrels per day between February and December 2022, according to Vortexa statistics. Dhiraj Singh/Bloomberg
DECRYPTION – European purchases of refined diesel and kerosene in India have doubled in recent months.
In Delhi
Deprived of Russian petroleum products since the embargo of the European Union on February 5, Europeans are turning to other suppliers. The needs are enormous. The International Energy Agency indicated, in a note published in November, that Europe was going to have to find 1 million barrels of diesel, fuel oil and naphtha per day elsewhere than in Russia. If the United States and Saudi Arabia are its main suppliers according to the S&P agency, India stands out as an essential source of diesel and kerosene. Problem: both fuels are increasingly made with oil from the Urals.
Two companies produce the diesel and kerosene exported to the European Union. First there is the Indian conglomerate Reliance which owns two refineries with a capacity of 1.8 million barrels per day in Jamnagar, in western India. During the first week of February, these two sites received 650,000 barrels of Russian oil per day according to the agency…
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