India is making moves, the richest man in India is gradually increasing the purchase of Middle Eastern oil
According to Bloomberg, Reliance Industries, the company under Mukesh Ambani, the richest man in India, has started to reduce the purchase of Russian oil and increase the purchase of Middle Eastern oil. In the near future, they will place more oil orders from the Middle East. A trader familiar with the matter said that Reliance Industries has purchased at least 2.5 million barrels of oil from Basra oil in Iraq, as well as oil from the northern Persian Gulf coast fields in Qatar. It is reported that Reliance Industries had conducted investigations earlier, finding that the oil quality of these two places is highly similar to Russian Urals oil, thus determining that they can replace Russian oil. In addition, Reliance Industries has sent a "broad transaction in the future" signal to Middle Eastern oil sellers, and it is expected that Reliance Industries will further reduce its purchase of Russian oil in the coming period.
Previously, Trump repeatedly stated that Modi had promised not to purchase Russian oil, but the atmosphere within India was strange. First, the official response was vague, then Reuters observed that although the refineries in India had prepared to reduce the purchase of Russian oil, so far, these refineries have not received government instructions. The outside world believes that India may gradually reduce the import of Russian oil, but will not stop immediately. Reliance Industries is the largest buyer of Russian oil in India. Over the past three years, discounted Russian oil has reduced their operating costs. Now, Reliance Industries suddenly began to reduce the import of Russian oil, which may indicate some information.
Original: www.toutiao.com/article/1846578054372352/
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