Russia India Oil: China kept pleading, still Russia will give maximum oil to friend India, know why experts are thinking so – why russia will keep selling much oil to india even after huge demang by china
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China can complete exports
If Victor is to be believed, it is true that China can buy Russia’s entire oil export. China has completely abolished the zero covid policy. But even after this, Russia wants to keep India’s market with itself. Russia believes that the Indian market is very attractive and will help its oil traders to establish greater control. According to the International Energy Organization, last month Russia exported 2.3 million barrels of oil to China in a day.
India is important even after China
This year, the demand for oil from China may increase up to nine lakh barrels per day. The restrictions imposed during the pandemic have been lifted and now China can import more oil. Chinese refineries also want to buy more and more oil from Russia this year. They also have shipping capabilities. In such a situation, by sending oil to Russia through containers, China would be thinking of taking away the income that it is getting from oil exports to India. According to Victor, the journey till India is very short.
India’s plant is about to start
On an average, a tanker takes 35 days to reach India from Russia’s western ports, while China takes 40 to 45 days. Russia’s largest producer Rosneft PJSC also owns a 49.13% stake in Nayara Energy Limited, which owns the Vadinar refinery and associated shipping facilities, the second largest facility in India. Katona said that the Vadinar plant has already taken all its raw material from Russia this month.
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