Reliance Industries denies report on Russian oil deliveries to Jamnagar refinery

Reliance Industries has clarified that its Jamnagar refinery has not received any cargo of Russian oil in the past three weeks. The company stated it is not expecting any deliveries of Russian crude oil in January. This denial comes in response to a Bloomberg report.

Reliance Industries has denied a report claiming deliveries of Russian oil to its Jamnagar refinery. According to the company's statement, the Jamnagar refinery has not received any cargo of Russian oil in the past three weeks. Furthermore, no deliveries of Russian crude oil are expected in January.

This clarification responds to a Bloomberg report mentioning such deliveries. Reliance Industries is one of India's leading energy companies, and the Jamnagar refinery is the country's largest. The statement is significant in the context of India's oil imports and energy sector, particularly regarding imports from Russia.

The company provided no further details, but the denial aims to dispel any potential confusion in the market.

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Dramatic photo illustration of blocked Strait of Hormuz oil tankers, Iran-launched missiles striking Israel, and surging oil prices amid war escalation.
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Iran-Israel war escalates with Strait of Hormuz closure

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The ongoing war between Iran and Israel has intensified, with missile exchanges and the continued closure of the Strait of Hormuz disrupting global oil supplies. Oil prices have surged above $100 per barrel, fueling market declines and inflation fears worldwide. Governments are responding with measures to stabilize energy markets amid concerns over prolonged conflict.

Russia's Foreign Ministry stated on February 18, 2026, that it has no reason to believe India has altered its position on purchasing Russian oil. This comes amid U.S. claims that India agreed to halt such imports as part of a trade deal. The ministry emphasized the mutual benefits of these purchases for energy market stability.

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In response to talks on India purchasing Venezuelan oil under a US trade pact, Russia has stated that India is free to buy oil from any country. However, Moscow noted that replacing Russian oil volumes would not be commercially simple. India imports nearly 88% of its crude oil, with Russian supplies emerging as a key source after 2022.

As Middle East tensions intensify with the Iran war, petrol demand for Nigeria’s Dangote Refinery is surging across Africa, building on recent shifts by countries like South Africa and Ghana amid the Strait of Hormuz siege.

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Several African countries, including South Africa, Ghana and Kenya, are turning to Nigeria’s Dangote Refinery as fuel supplies from the Middle East tighten due to a siege in the Strait of Hormuz.

India's LPG tanker Pine Gas, carrying 47,000 tonnes of cooking fuel from the Persian Gulf, is expected to dock at Vizag port early Thursday after a route change for faster cargo delivery. The adjustment comes amid shipping disruptions caused by the West Asian war. A Vizag Port Authority spokesperson confirmed preparations are in place.

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Following earlier diplomatic outreach, India is ramping up energy security efforts in the Gulf during a two-week ceasefire in the US-Israel-Iran conflict. Petroleum Minister Hardeep Singh Puri visits Qatar on April 9-10, and External Affairs Minister S Jaishankar heads to the UAE on April 11-12, to secure oil and gas supplies and evaluate conflict impacts.

 

 

 

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