The reason is disagreements in calculations. In addition, Indian importers fear a tightening of the price ceiling on Russian oil.
India, which has been a major buyer of Russian crude oil shipments by sea, has not purchased the ESPO premium grade crude shipped from the port of Kozmino for two months. This was reported by Kommersant.
Earlier, India sharply reduced imports of another premium grade of oil - Sokol, produced in Sakhalin.
The reason - in disagreements in calculations. In addition, Indian importers are afraid of tightening the price ceiling on Russian oil.
ESPO supplies to India averaged 95 thousand bpd in 2023 and 60 thousand bpd in the second half of 2022.
ESPO is a grade of Russian oil that is low in sulfur (less than 0.6%). It is produced in the east of Siberia.
Earlier, an economist named the most favorable route for Russia to supply gas to India. The route will pass through Afghanistan.