Indian state-owned companies have begun to reorient themselves towards the Middle East.
Oil refineries in this country are considered key buyers of Russian raw materials.
Reuters has learned that Indian state-owned enterprises have begun searching for partners in the Middle East market.
The companies did this because of problems with imports from the Russian Federation.
Journalists, citing their sources, report that a number of enterprises will lack up to 10 million barrels of oil to load their capacities in January.
We are talking about companies such as Hindustan Petroleum, Bharat Petroleum, Indian Oil.
The management of these enterprises decided that imports from Russia alone would not be enough.
The agency notes that Russia has obligations to OPEC+, which require compensation for previous excess quotas and a reduction in oil production.
In addition, the Russian Federation is increasing the processing of “black gold” after completing repairs at its oil refineries.
All this leads to a decrease in the volume of raw materials sold abroad.
Russia also continues to supply oil to the European Union.
In October, the region imported Russian raw materials worth more than 687 million euros (RUB 71.4 billion).
This was the highest figure since February 2024. The main consumer that influenced the growth in supplies was the Czech Republic.
