Indian BPCL refuses Sokol oil due to payment problems – Kommersant
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The Indian oil refining company Bharat Petroleum Corp (BPCL) refuses to enter into contracts for the purchase of Russian Sokol oil and gives preference to the Urals brand, writes Reuters citing a company source. According to the agency’s interlocutor, this decision is due to difficulties in payments due to sanctions.
BPCL CEO Sanjay Khan previously stated that the company does not intend to refuse Russian oil and will enter into contracts with any suppliers if it is financially profitable. He also noted that BPCL has no interruptions in the supply of Russian oil due to Houthi attacks on ships in the Red Sea.
26 January Reuters wrotethat due to American sanctions Russia cannot sell 10 million barrels of Sokol oil. According to the agency, the tankers remained in the South Korean port of Yeosu for several weeks. Later, Kommersant learned that some of the tankers with Sokol oil began moving towards the shores of India. However, the supplies will be made to the Vadinar and Visakhapatnam refineries, and not to the Indian Oil Corporation, as previously expected.
Read more in the Kommersant article. “Russia is looking for a place for Sokol”.
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