It was learned how much India saved in two years by purchasing oil from Russia

It was learned how much India saved in two years by purchasing oil from Russia

The newspaper writes that India has saved about $10.5 billion since April 2022 by increasing its purchases of Russian oil. Indian Express.

“Indian refiners are benefiting from discounted barrels, and Russia, once a minor player in India’s oil market, is now New Delhi’s largest oil supplier,” the newspaper noted.

Russia’s share in India’s oil exports as of May amounting to 41%. India’s second largest fuel supplier is Iraq with a share of 21%. Saudi Arabia completes the top 3 importers with 11%.

Before became knownIt is reported that Indian state-owned refiners are negotiating a long-term oil import deal with the Russian side. One of the main issues in discussing the terms of the deal concerns the choice of currency for the deals.

Previously became knownThis is how much Russia earned from selling oil and gas in six months.

What are you thinking?

Source: Gazeta


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