Not only cheap oil, India is also buying this thing in large quantities from Russia, after EU ban, its purchase increases further
Due to the threat of attacks in Red Sea, traders are shipping Russian oil products around Africa.
New Delhi: India is at this time procuring for low price oil from Russia in huge portions. Other than indecent oil, there is one thing extra which India is procuring for tons from Russia. The title of this thing is naphtha. In the month of June, India and Taiwan were the greatest shoppers of naphtha coming from Russia. LSEG recordsdata shows that these countries bought low price naphtha from Russia.
What did India aquire from Russia?
Naphtha is an needed merchandise extinct in the petrochemical business. Olefins and aromatics are made of it. Then plastics, synthetic resins, synthetic fibers and many forms of chemicals are made of them. In February 2023, the European Union (EU) fully banned oil merchandise coming from Russia. After this, countries of the Middle East and Asia started procuring for naphtha from Russia.
How remarkable naphtha was bought from Russia?
In step with Reuters, 250,000 tonnes of naphtha was despatched to India from Russian ports in June. This was 5% decrease than in May. But in the major six months of the year 2025, India bought bigger than 1.4 million tonnes of naphtha from Russia. Transport recordsdata confirmed that Russian naphtha arrived at India’s western ports, equivalent to Mundra, Hazira and Sikka. India extinct to aquire naphtha from the United Arab Emirates (UAE) earlier. But now it's miles procuring for more affordable naphtha from Russia in command that it has to use much less money.
At the identical time, in line with LSEG recordsdata, 234,000 tonnes of naphtha was despatched from Russia to Taiwan final month. This was double the quantity in May. Between January and June, Taiwan bought 12.7 lakh tonnes of naphtha from Russia. Singapore, Malaysia, Turkey and China were additionally among the main countries procuring for Russian naphtha in June.
What is the problem of different countries?
Ship-tracking recordsdata confirmed no cargo from Russia arrived in Fujairah, United Arab Emirates (UAE) in June. In May, Russia despatched 80,000 tonnes of naphtha to the UAE. Ships carrying about 300,000 tonnes of Russian naphtha are headed to Asia by strategy of the Cape of Good Hope in southern Africa. Asia got 150,000 tonnes of naphtha in May. From December 2023, traders were averting the Red Sea due to the specter of attacks by Yemen’s Houthi community. Due to the this truth, they're transport Russian oil merchandise spherical Africa.
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