US allowed Rosneft to supply Venezuelan oil to India
On May 13, 2019, it became known that Rosneft, the largest Russian oil company in the world, stopped supplying Iranian oil to an oil refinery (refinery) in India. At present, Rosneft supplies oil there from Venezuela, on prepaid contracts and with the permission of the United States.
- Didier Casimiro, Vice President for Refining, Petrochemicals, Commerce and Logistics of Rosneft, said during a video conference, reports Interfax.
- he specified.
It should be recalled that in 2017, Rosneft PJSC, as part of the consortium, together with Trafigura and UCP, bought Essar Oil Limited from Essar Energy Holdings, later renamed Nayara Energy Limited. Specifically, Rosneft owns a 49,13% stake in this first-class asset. After all, the aforementioned Nayara Energy belongs to the refinery in Vadinar (Gujarat state) with a capacity of 20 million tons with a refining depth of 95,5%. This refinery ranks second in India and is among the ten best plants in the world.
In addition, in 2018, Nayara Energy expanded its retail network of gas stations by almost 20% - up to five thousand gas stations. Now Nayara Energy wants to invest $ 850 million in the development of a refinery in Vadinar until 2022, to organize the production of up to 450 thousand tons of polypropylene per year.
It should be noted that the United States continues to actively pressure all those who, in one way or another, are associated with Iranian oil. At the same time, India remains one of the largest buyers of Iranian oil (second place, or 27% of all Iranian oil exports), importing about 577 thousand barrels. oil per day (barrel - “barrel” - 159 liters). Moreover, India is not going to give up Iranian oil in the future, as the consumption of “black gold” in this country is growing.
We reviewed the oil basket after stopping oil supplies from Iran
- Didier Casimiro, Vice President for Refining, Petrochemicals, Commerce and Logistics of Rosneft, said during a video conference, reports Interfax.
The use of Venezuelan oil was allowed because the supply of Venezuelan oil, which we supplied to the refinery in India, comes from Rosneft's prepaid contracts, and therefore the State Department gave permission for this
- he specified.
It should be recalled that in 2017, Rosneft PJSC, as part of the consortium, together with Trafigura and UCP, bought Essar Oil Limited from Essar Energy Holdings, later renamed Nayara Energy Limited. Specifically, Rosneft owns a 49,13% stake in this first-class asset. After all, the aforementioned Nayara Energy belongs to the refinery in Vadinar (Gujarat state) with a capacity of 20 million tons with a refining depth of 95,5%. This refinery ranks second in India and is among the ten best plants in the world.
In addition, in 2018, Nayara Energy expanded its retail network of gas stations by almost 20% - up to five thousand gas stations. Now Nayara Energy wants to invest $ 850 million in the development of a refinery in Vadinar until 2022, to organize the production of up to 450 thousand tons of polypropylene per year.
It should be noted that the United States continues to actively pressure all those who, in one way or another, are associated with Iranian oil. At the same time, India remains one of the largest buyers of Iranian oil (second place, or 27% of all Iranian oil exports), importing about 577 thousand barrels. oil per day (barrel - “barrel” - 159 liters). Moreover, India is not going to give up Iranian oil in the future, as the consumption of “black gold” in this country is growing.
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