SerpApi.Org
Russia is expected to receive a fuel shipment from India this weekend as Ukrainian drone strikes damaged its energy infrastructure, the Financial Times reported, citing data from analytics firm Kpler.
About 40% of Russia's domestic refining capacity has been hit by Ukrainian attacks, with President Vladimir Putin admitting last month that the strikes resulted in a "certain shortage" of fuel.
A tanker carrying 42,000 tonnes of petrol from India's Vadinar refinery is due to reach Russian oil terminal Beloye More on Sunday, FT reported. More than 90% of the crude processed at Vadinar this year came from Russia, according to Kpler data.
Vadinar is owned by India's Nayara Energy, in which Russia's Rosneft holds a 49% stake. The European Union imposed sanctions on Nayara last year as part of broader sanctions against Russian oil.
India remains the largest buyer of Russian crude, importing 16.8M bbl in the week ended July 15, according to S&P Global Commodities at Sea data. Of this, Vadinar received 5M bbl.
At least 60,000 tonnes of petrol had been shipped from India to Russia, Reuters reported earlier this month.
Moscow is also relying on neighboring Belarus, which has ramped up its petrol sales to Russia. Last month, Belarus sold Russia 184,000 tonnes of fuel, a threefold increase M/M, according to Russia-based Price Benchmark Centre data shared with FT.
Ukrainian drones targeted at least 60 oil tankers between July 9 and July 20 in the Azov and Black Seas. This forced the Caspian Pipeline Consortium to halt oil loading at its terminal off Russia's Black Sea coast twice in recent days.
It is unclear whether the CPC's terminal continued operations on July 21 or if it was damaged in the attack, S&P noted.
