Reliance buys Kuwaiti crude

  Published 4 months ago

Reliance buys one million barrels of Kuwaiti heavy crude via tender after refinery issues, expanding non-Russian sourcing amid sanctions impacts.

  • Kuwait Petroleum's tender offered crude volumes that Al-Zour refinery could not process due to unplanned maintenance following a significant fire incident.
  • Reliance secured separate Kuwait Heavy and Eocene crude cargoes totaling one million barrels scheduled for the early December loading window period.
  • Shift follows Reliance halting Russian oil purchases after sanctions, increasing spot crude buys from Middle East and Americas markets today.

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