Western speculation India helps Russia "oil washing"

Author:Global Times Time:2022.07.19

This newspaper special reporter Xin Bin

According to the "Japan Economic News" reported on the 18th, India seems to be becoming a "oil washing" transit station in Russia. India purchases a large number of Russian crude oil due to sanctions that loses buyers, refined into gasoline, etc., and export part of them to Europe and the United States. Because it is difficult to prove the origin of crude oil during the refining process, India is becoming a loophole in sanctions against Russia.

It is reported that the statistics of the financial information company Lufut showed that Russia's Russian crude oil that arrived in India in June reached 20.56 million barrels, 4.2 times the same period last year. It reached 23.76 million barrels in May, which was 8.1 times the same period last year. The commodity market data company Capeler data also shows that since the conflict between Russia and Ukraine, India has soared from Russia to 800,000 barrels per day, and in the past, about 30,000 barrels per day. Simply calculated that the sales in May alone were close to 1.9 billion US dollars, which has become an important source of income from the Russian government.

India not only consumes Russian crude oil in its country, but also refined it into oil products to other countries. The "Japan Economic News" states that the neighboring western cities, such as the flagship refinery of India's Shinshi Industry, are considered one of the strongholds. Russia produced 20 % of Russia's crude oil in Sika. During the same period, oil products exported by Sikkang were 20 % facing Europe and the United States. In 2021, India was 420 million barrels of petroleum products exported to the sea, of which 18 % were exported to Europe and the United States. Although the current proportion is basically flat, Europe and the United States are likely to use "Indian manufacturing" gasoline mixed with Russian crude oil in raw materials.

Bloomberg said that private refineries such as India's Shinshi Industry and Nayala Energy usually purchase raw materials separately. People familiar with the matter revealed that Russia is looking for ways to flow to India, so that they can pass through the West through the Baltic Sea or from the Russian Far East. These routes are easier to reach in summer. Russia and India are even exploring the Far East Vladivostok, re -arranging some crude oil routes.

The Wall Street Journal also reported before that India was helping Russia to "wash oil." It is reported that since the beginning of the Russian and Ukraine conflict, India's refined oil exports have grown sharply under the driving of cheap Oil oil supply. Daily shipments to Europe have increased by 1/3, and quarterly shipments sent to the United States increased by 43%.

A large oil dealer in Japan said that crude oil was not stored in accordance with the purchasing country, and it was almost impossible to closely track the import sources of the import of crude oil. According to the British "Guardian" report, industry insiders said that it turns out that it is very difficult to track Russian oil that is transported through India to Europe and the United States. "You will find that several batches of crude oil from different countries will reach a port and be mixed together to track and track them. By hydrocarbon is basically impossible. " Sources said that the petroleum consignor is using several strategies to hide the source of Russian oil. In terms of finance, a choice is to pay in RMB instead of industry standards. In addition, the shipping of the ship's oil cargo has also surged. The oil is transferred from the ship of the Russian flag to other ships on the public sea, and more and more ships are increasingly avoided by turning off the automatic identification system. The third more niche choice of hidden Russian oil transactions is not to use currency, and directly use oil for other products, such as gold, food or weapons.

Indian media disagree. According to the Hinduist, India is not a channel for Russia to sell oil to other countries. Indian Petroleum Minister Puri said that the details of international media reports cannot be confirmed. Indian Foreign Minister Su Jinsheng denied reports from international media. He criticized Europe to adopt dual standards. On the one hand, India was responsible for the purchase of Russia's purchase of Russia, but on the other hand, it was free of European countries that imported Russia's oil and natural gas. ▲

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