Indian Oil Corporation & Reliance Industries
14 shared events · Importance 9 · Last updated Apr 17, 2026
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International
Indian Oil Corporation: Indian Oil Corporation (IOC) continues to purchase oil from non-sanctioned Russian entities, distinguishing its strategy from other Indian refiners.
Reliance Industries: Reliance Industries, particularly its Jamnagar refinery, halved its imports of Russian crude oil in December 2025, largely due to U.S. sanctions on Rosneft. This action significantly contributed to India's overall import reduction.
Jan 13, 2026 · 10 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
NEWSDESK
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