Indian Oil Corporation & Russia
11 shared events · Importance 3 · 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.
Russia: Russia experienced a reduction in fossil fuel export revenues from India in December 2025, as India's imports decreased. This is a direct consequence of U.S. sanctions and a shift in buying patterns by major Indian refiners.
Jan 13, 2026 · 10 articles
Domestic
Indian Oil Corporation: Indian Oil Corporation, a state-run fuel retailer, raised petrol and diesel prices to mitigate losses from high global crude oil prices, impacting its stock performance.
Russia: Russia is mentioned in relation to Nayara Energy being a Russia-backed refiner.
May 15, 2026 · 20 articles
International
Indian Oil Corporation: Indian Oil Corporation is one of the state refiners ordered by India to maximize LPG production and has purchased spot cargoes from the United States.
Russia: Russia, as an energy exporter, stands to benefit from higher oil prices caused by the conflict, leading the IMF to upgrade its economic forecast for the country.
Apr 08, 2026 · 307 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
International
Indian Oil Corporation: Indian Oil Corporation is one of the Indian state refiners that has stopped buying Russian oil due to narrowing discounts and US threats.
Jul 31, 2025 · 47 articles
NEWSDESK
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