Russian Oil Is Welcome in India as Trade Booms, New Refiner Says
- Ratnagiri’s Surana says any ‘hassles’ can be taken care of
- Nation’s crude demand forecast to keep expanding, CEO predicts
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Russia’s oil exports to India are continuing without any hiccup as the nation’s users become more adept at arranging cargoes to feed burgeoning nationwide demand, according to the head of a giant new refinery project that’s backed by local processors and crude heavyweight Saudi Arabia.
“It is beneficial for everybody that the Russian oil doesn’t go out of market and it flows to some part of the world,” Mukesh Surana, chief executive officer of Ratnagiri Refinery & Petrochemicals Ltd., told Bloomberg Television. The crude is coming to India without much hassle “but there are ways and means to ensure that, if there are hassles, they can be taken” care of, he added.