US Imports Refined Russian Oil From RIL

New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) is estimated to have earned 724 million euros (Rs6,850 crore) from exporting fuel made from Russian crude oil to the US in one year, an European think tank said in a report.

“From January 2024 to the end of January 2025, the US imported EUR 2.8 billion of refined oil from six refineries in India and Turkey that process Russian crude. An estimated EUR 1.3 billion of this was refined from Russian crude,” the Centre for Research on Energy and Clean Air (CREA) said in a report.

US imports of fuels such as petrol and diesel from Jamnagar in Gujarat, where Reliance’s twin oil refineries are located, were EUR 2 billion. Of this, “EUR 724 million (is) estimated to be refined from Russian crude,” it said.