{"id":84666,"date":"2025-11-03T00:00:00","date_gmt":"2025-11-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/"},"modified":"2025-11-03T00:00:00","modified_gmt":"2025-11-03T00:00:00","slug":"refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/","title":{"rendered":"Refiner HPCL trims Russian crude, IOC resumes selective buys from non-sanctioned firms"},"content":{"rendered":"

State<\/strong>-run Hindustan Petroleum Corporation Limited (HPCL) said it processed only 5% Russian crude in 2Q FY 2026<\/strong>, citing poor economics and tightening US sanctions on Russian entities and shippers, The Economic Times<\/a> reports. The refiner clarified it is not significantly dependent on Russian oil and will comply with global norms. HPCL-Mittal Energy Ltd, a public-private JV refiner, also suspended purchases of Russian oil. <\/p>\n

Meanwhile\u2026: <\/strong>Indian Oil Corporation (IOC), another state-run refiner, has resumed limited Russian oil purchases, buying five cargoes for December delivery from non-sanctioned entities, Reuters<\/a> reports. The deals, worth around 3.5 mn barrels of Russian ESPO crude, were secured near parity with Dubai benchmarks for an eastern Indian port. IOC had earlier cancelled up to eight shipments supplied by subsidiaries of sanctioned Russian companies. <\/p>\n

India diversifies imports:<\/strong> India\u2019s crude imports from the US surged to about 540k barrels per day as of late October \u2014 the highest since 2022 \u2014 as refiners steer clear of Russian supplies, the business daily added, citing Kpler data. <\/p>\n

With demand from Chinese refiners softening<\/strong>, discounted ESPO barrels have become attractive for Indian buyers, even as New Delhi balances energy security with compliance with Western sanctions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Indian refiners recalibrate their Russian oil purchases as US sanctions continue to tighten amid discounted Russian crude<\/p>\n","protected":false},"author":1,"featured_media":84667,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2410],"tags":[2409,2402,2404],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam-india","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"c9778f07-8f31-4dc4-a356-aa3b2d693c36","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/1363.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Indian refiners pivot: HPCL turns west as IOC picks up discounted Russian barrels","related_issue":[84656],"teaser":"Indian refiners recalibrate their Russian oil purchases as US sanctions continue to tighten amid discounted Russian crude","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.020e8b17-8bb3-427c-a76c-db5be6e064de.mp3"},"yoast_head":"\nRefiner HPCL trims Russian crude, IOC resumes selective buys from non-sanctioned firms - MENA India Corridors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Refiner HPCL trims Russian crude, IOC resumes selective buys from non-sanctioned firms\" \/>\n<meta property=\"og:description\" content=\"Indian refiners recalibrate their Russian oil purchases as US sanctions continue to tighten amid discounted Russian crude\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/\" \/>\n<meta property=\"og:site_name\" content=\"MENA India Corridors\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-03T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1363.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Refiner HPCL trims Russian crude, IOC resumes selective buys from non-sanctioned firms\",\"datePublished\":\"2025-11-03T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/\"},\"wordCount\":201,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1363.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ENERGY\",\"EnterpriseAM India\",\"oil and gas\"],\"articleSection\":[\"ENERGY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/\",\"url\":\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/\",\"name\":\"Refiner HPCL trims Russian crude, IOC resumes selective buys from non-sanctioned firms - MENA India Corridors\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1363.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-11-03T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1363.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1363.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/mena-india\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Refiner HPCL trims Russian crude, IOC resumes selective buys from non-sanctioned firms\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#website\",\"url\":\"https:\/\/enterpriseam.com\/mena-india\/\",\"name\":\"EnterpriseAM-MENA-India-Corridor\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/mena-india\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#organization\",\"name\":\"EnterpriseAM-MENA-India-Corridor\",\"url\":\"https:\/\/enterpriseam.com\/mena-india\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/84573.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/84573.svg\",\"caption\":\"EnterpriseAM-MENA-India-Corridor\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/mena-india\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Refiner HPCL trims Russian crude, IOC resumes selective buys from non-sanctioned firms - MENA India Corridors","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/","og_locale":"en_US","og_type":"article","og_title":"Refiner HPCL trims Russian crude, IOC resumes selective buys from non-sanctioned firms","og_description":"Indian refiners recalibrate their Russian oil purchases as US sanctions continue to tighten amid discounted Russian crude","og_url":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/","og_site_name":"MENA India Corridors","article_published_time":"2025-11-03T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1363.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Refiner HPCL trims Russian crude, IOC resumes selective buys from non-sanctioned firms","datePublished":"2025-11-03T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/"},"wordCount":201,"publisher":{"@id":"https:\/\/enterpriseam.com\/mena-india\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1363.jpg?fit=%2C&ssl=1","keywords":["ENERGY","EnterpriseAM India","oil and gas"],"articleSection":["ENERGY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/","url":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/","name":"Refiner HPCL trims Russian crude, IOC resumes selective buys from non-sanctioned firms - MENA India Corridors","isPartOf":{"@id":"https:\/\/enterpriseam.com\/mena-india\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1363.jpg?fit=%2C&ssl=1","datePublished":"2025-11-03T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1363.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1363.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/refiner-hpcl-trims-russian-crude-ioc-resumes-selective-buys-from-non-sanctioned-firms\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/mena-india\/"},{"@type":"ListItem","position":2,"name":"Refiner HPCL trims Russian crude, IOC resumes selective buys from non-sanctioned firms"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/mena-india\/#website","url":"https:\/\/enterpriseam.com\/mena-india\/","name":"EnterpriseAM-MENA-India-Corridor","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/mena-india\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/mena-india\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/mena-india\/#organization","name":"EnterpriseAM-MENA-India-Corridor","url":"https:\/\/enterpriseam.com\/mena-india\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/84573.svg","contentUrl":"https:\/\/ent.news\/internal\/84573.svg","caption":"EnterpriseAM-MENA-India-Corridor"},"image":{"@id":"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/mena-india\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1363.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1363.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/mena-india\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1363.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/posts\/84666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/comments?post=84666"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/posts\/84666\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/issue\/84656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/media\/84667"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/media?parent=84666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/categories?post=84666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/tags?post=84666"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/brand?post=84666"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/mena-india\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=84666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}