Russia & Indian Oil Corporation
14 shared events · Importance 3 · Last updated Aug 10, 2026
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International
Russia: Russia benefits from sustained Indian demand, providing crucial export revenue despite sanctions. Its crude export revenues remained flat, and oil product loadings hit record lows, but Indian purchases help offset losses.
Indian Oil Corporation: Indian Oil's Vadinar SMPL terminal saw a 35% increase in Russian crude imports, contributing to India's record intake and benefiting from discounted supplies.
Aug 03, 2026 · 8 articles
International
Russia: Russia experienced a reduction in fossil fuel export revenues from India in December 2025, as India's imports decreased. This is a direct consequence of U.S. sanctions and a shift in buying patterns by major Indian refiners.
Indian Oil Corporation: Indian Oil Corporation (IOC) continues to purchase oil from non-sanctioned Russian entities, distinguishing its strategy from other Indian refiners.
Jan 13, 2026 · 10 articles
International
Russia: Russia was among countries India increased oil purchases from during the crisis.
Indian Oil Corporation: Indian Oil Corporation, along with other state refiners, plans to reduce Middle East oil reliance and diversify supply sources.
Apr 20, 2026 · 709 articles
Regulatory
Russia: Lower diesel exports from Russia have tightened global fuel markets, adding to price pressures.
Indian Oil Corporation: As a state-run oil marketing company, it is involved in domestic fuel pricing and supply, but no direct action in this event.
Jun 30, 2026 · 25 articles
International
Russia: Russia's oil exports are affected by the conflict, but it is not a direct participant.
Indian Oil Corporation: Indian Oil has secured crude supplies, mitigating impact of disruptions.
Aug 02, 2026 · 162 articles
International
Indian Oil Corporation: Indian Oil Corporation, India's largest refiner, bought 2 million barrels of Iranian oil, its first purchase in seven years, and settled the payment through ICICI Bank using China — Renminbi. It does not plan further Iranian oil purchases.
Apr 17, 2026 · 9 articles
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