Reliance exported €724 million worth of fuel made from Russian oil to US: Report
The Hindu
Reliance Industries earns €724 million from exporting fuel made from Russian crude to the US, European think tank reports.
Billionaire Mukesh Ambani's Reliance Industries Ltd is estimated to have earned €724 million (about ₹6,850 crore) from exporting fuel made from Russian crude oil to the US in one year, an European think tank said in a report.
"From January 2024 to the end of January 2025, the US imported €2.8 billion of refined oil from six refineries in India and Turkey that process Russian crude. An estimated €1.3 billion of this was refined from Russian crude," the Centre for Research on Energy and Clean Air (CREA) said in a report.
US imported €2 billion worth fuels such as petrol and diesel from Jamnagar in Gujarat, where Reliance's twin oil refineries. Of this, "€724 million (is) estimated to be refined from Russian crude," it said.
Gujarat's Vadinar, where Russia's Rosneft-based Nayara Energy has a 20 million tonne a year refinery, exported €184 million worth of fuel to the US between January 2024 and January 2025. Of this, €124 million is estimated to be refined from Russian crude, CREA said.
New Mangalore, where Mangalore Refinery and Petrochemicals Ltd (MRPL) has a unit, exported €42 million worth of fuel to the US, of which €22 million is estimated to be refined from Russian crude, it said.
An e-mail sent to Reliance for comments remained unanswered.
Turkey's three refineries exported a total of €616 million worth of fuel to the US, of which €545 million is estimated to have come from refining Russian crude.
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