India's Top export destination per continent [OC]Submitted by ixaditya t3_yol0en in dataisbeautiful
royalblue1982 t1_iverh0w wrote
So, India buys 'cheap' oil from Russia and then sells on refined petroleum to the West?
Edit - Not sure why i'm getting downvoted, I phrased my comment as a question - I was asking?
It would seem to me to be a bit of a loophole in sanctions if we're not buying oil from Russia, but we are buying the petroleum refined by India, using oil brought from Russia. If that's not the case then good.
RETAW57 t1_iverp7l wrote
Nah, India has had a huge refining sector for a while.
Similar to Singapore South Korea and Japan with their refineries.
A lot of the African/Middle East Oil is refined in India i believe as Africa can't afford to build that infrastructure and ME has more oil than refinery capacity
AloooSamosa t1_ivf1zfu wrote
This data is from 2021
Ok_Side2575 t1_ivgb2h5 wrote
India's refining sector wasn't built on Ukraine war
garlicluv t1_ivjdhff wrote
>So, India buys 'cheap' oil from Russia and then sells on refined petroleum to the West?
Yes, and its hilarious.
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