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Nayara's Vadinar refinery is sending gasoline to Russia

Russia's seaborne gasoline imports reached about 125,000 barrels a day in August, 470,000 tonnes for the month. Vortexa said attacks on refineries cut domestic output and that Indian refiners supplied as much as 1 million barrels over two months from the Vadinar plant in Gujarat, half owned by Rosneft. Energy imports from March to August ran 330 billion dollars above forecast prices, of which gasoline added 35.7 billion dollars and India paid an extra 22 billion dollars. Russia extended its gasoline export ban through January 2027.

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At the Vadinar refinery, loading arms from a steel gantry reach into varied road tankers on a sunlit concrete apron, with pipes and refinery towers behind.

August imports reached 125,000 barrels a day

Russia's seaborne gasoline imports reached a high of about 125,000 barrels a day in August, a projected 470,000 tonnes for the month. The energy analytics firm Vortexa said drone attacks on refineries cut domestic output. Indian refiners supplied as much as 1 million barrels over the past two months, essentially from the Vadinar refinery in Gujarat, which is half owned by Russia's Rosneft. India, Türkiye and Morocco all supplied gasoline to Russia in August.[1]

India-origin cargoes moved on sanctioned fleets

Vortexa said about 55 per cent of the gasoline Russia imported that month, roughly 260,000 tonnes, arrived on sanctioned tonnage, and that every India-origin cargo moved on sanctioned fleets through dark ship-to-ship transfers in the Mediterranean. Around 40 per cent of August imports transferred ship to ship. Russia extended its full gasoline export ban through the end of January 2027 and its diesel export ban through 1 September 2026. India imported more than 2.6 million barrels a day of Russian crude in June and July, up from 1 million barrels a day in February and more than half of its total crude purchases.[1]

India's energy imports ran 22 billion dollars over forecast

Figures released this week by the Finland-based Centre for Research on Energy and Clean Air put the extra cost of importing oil, fuels and liquefied natural gas between March and August at 330 billion dollars against the prices analysts had forecast. Crude oil is the largest line at 164.1 billion dollars. Diesel and gasoil added 73.8 billion dollars, gasoline 35.7 billion dollars, liquefied natural gas 38 billion dollars and jet fuel 20 billion dollars. The European Union carried the heaviest load at 78 billion dollars, while China paid an extra 35 billion dollars and India an extra 22 billion dollars. The centre stresses that the figures reflect what importers actually bought, not what they would have bought had the war not begun.[2]

References

  1. News sourceThe Economic TimesNayara's Vadinar refinery turns India into a gasoline supplier to Russia↩1↩2
  2. News sourceOilPrice.comSix months of war swelled the energy import bill by 330 billion dollars↩