Reliance Russian Oil Imports Drop 17% in November After Expiry of Rosneft Deal

As per Reuters report, in November 2025, Reliance Industries reduced its Russian crude oil imports following the expiry of its long-standing contract with Rosneft.  

This shift marked a significant rebalancing in India’s crude sourcing preferences, relying more on West Asian suppliers. 

Reliance's Russian Crude Imports Decline Sharply 

Reliance Industries cut its Russian oil imports by 16.9% in November to approximately 4,59,000 barrels per day (bpd), marking its lowest intake from Russia in 9 months. The fall in imports came after the conclusion of its long-term supply agreement with Russian oil firm Rosneft.  

The final charter under this deal was loaded on November 12, concluding a pact under which Reliance had been importing close to 5,00,000 bpd annually from Rosneft. 

Increased Dependence on West Asian Suppliers 

To offset declining Russian volumes, Reliance boosted its imports from West Asia by 41% month-on-month, reaching about 6,81,000 bpd. Countries like Iraq, Kuwait and Saudi Arabia saw increased export volumes to Reliance, as the company adapted its crude sourcing strategy. 

Imports from Latin America dropped over 30% from October, while supplies from Africa remained minimal. 

Read More: RIL Shines at #6 on Sensex: How Did Other Reliance Group Stocks Perform in 2025?! 

Russia Remains India’s Top Oil Supplier Despite Cutbacks 

India’s overall crude oil imports from Russia increased slightly during November, reaching an average of 17,70,000 bpd, up 3.4% compared to October. Despite Reliance’s pullback, public sector refiners and other private entities continued sourcing Russian oil.  

Russia retained its position as India’s largest crude supplier, contributing over one-third of total imports during the month. 

West Asian Region Strengthens Position in India’s Oil Basket 

India sourced more than 22,70,000 bpd of crude from West Asia in November. Iraq and Saudi Arabia led in terms of volumes, with the United Arab Emirates and Kuwait also registering monthly increases.  

North American imports were inconsistent; Canada maintained consistent levels, while shipments from the USA varied. 

Reliance Industries Share Price Performance  

As of December 17, 2025, at 1:14 PM, Reliance Industries share price on NSE was trading at ₹1,543.30 up by 0.06% from the previous closing price. 

Conclusion 

Following the end of its Rosneft deal, Reliance Industries shifted its crude sourcing focus to West Asia, registering a notable 17% drop in Russian oil imports in November. While Reliance reduced intake, Russia remained India’s top oil supplier due to continued purchases by other refiners. 

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