Reliance Industries Rejects Reports of Russian Oil Arrival at Jamnagar Refinery
Russian Oil: Reliance Industries has categorically rejected a January 2 Bloomberg report claiming that three tankers carrying approximately 2.2 million barrels of Russian oil were headed to its refinery in Jamnagar. The company stated that no such shipments have arrived in the past three weeks and that no such shipments are expected in January.
Reliance Industries Limited (RIL), in a statement, has refuted the accusations regarding the arrival of a Russian oil shipment at its Jamnagar refinery, claiming that these are "completely false" in nature, damaging to the reputation of its company, RIL. RIL, while referring to a Bloomberg News report, stated that no shipments of Russian oil have so far arrived at its Jamnagar refinery in the last three weeks, nor are they expected to arrive in January.
In a statement released on the social media platform X on Tuesday, Reliance Industries said that a Bloomberg report claiming that three ships carrying Russian oil were heading to Reliance's Jamnagar refinery was false. The company categorically rejected claims of Russian oil arriving at the Jamnagar refinery, saying such reports were "completely false" and damaging to the company's image.
Reliance also expressed displeasure over the alleged disclaimer issued by the company before the report was published. RIL said in its statement, "A report published in Bloomberg claiming that three ships carrying Russian oil were heading to Reliance Industries' Jamnagar refinery is completely untrue. Reliance's Jamnagar refinery has not received any cargo of Russian oil in the last nearly three weeks, and no Russian crude oil is expected to be delivered in January."
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The company further stated that such reporting has damaged its reputation. RIL further stated, "We are deeply saddened that those who claim to be at the forefront of unbiased journalism chose to ignore RIL's denial of purchasing any Russian oil delivered in January and tarnished our image by publishing an inaccurate report."
This disagreement emerges at a time when the United States has sanctioned large Russian oil firms such as Rosneft and Lukoil until October 2025. Reliance has temporarily suspended the imports of Russian oil after the imposition of sanctions but later resumed the purchase of crude oil from non-sanctioned sources for the purposes of refining, according to the report. The Bloomberg report, citing Reliance's earlier denial, said the report was based on tanker tracking data from analytics firm Kpler.
According to Kpler, India's Russian oil imports fell to a two-year low in December, with a recovery expected from January.
At least three tankers loaded with Russian crude were indicating Reliance Industries Ltd.'s Jamnagar refinery on India's west coast as their next destination, according to Bloomberg, as the company resumed some purchases to supplement domestic production. The report also said that ships carrying about 2.2 million barrels of Urals crude were signaling to the Jamnagar complex and were expected to deliver their cargoes early this month, based on Kpler data.
