'Will adapt ops': Refiners prepare for life without Russian oil; assessing US sanctions
Indian refiners, including Reliance Industries, are adjusting operations to comply with US sanctions on Russian crude exporters Rosneft and Lukoil. While state-run firms will absorb initial costs of finding alternative supplies at market rates, the impact on consumers is currently minimal. Refiners are preparing for a future without Russian oil, assessing compliance needs and potential market shifts.
Indian refiners, including Reliance Industries, are adjusting operations to comply with US sanctions on Russian crude exporters Rosneft and Lukoil. While state-run firms will absorb initial costs of finding alternative supplies at market rates, the impact on consumers is currently minimal. Refiners are preparing for a future without Russian oil, assessing compliance needs and potential market shifts.
