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RelatedIndian Oil buys Russian crude from non-sanctioned entities, sources say Bharat Petroleum Corp (BPCL) has bought crude oil from Abu Dhabi in a spot tender to replace oil from Russia after the U.S. sanctioned two major Russian producers, two trade sources said on Monday.The Indian refiner purchased 2 million barrels of Upper Zakum crude for loading in December, they said.One of the sources said ADNOC Trading will supply the cargo.Washington last week imposed sanctions on Rosneft and Lukoil, Russia's two largest oil companies, stepping up efforts to pressure President Vladimir Putin to end the war in Ukraine.A BPCL source said last week that the company would buy Russian oil only from non-sanctioned entities.Live EventsBPCL buys 2 million metric tons (14.66 million barrels) of oil from the spot market monthly, most of which is Russian. For half of this supply, it hopes to keep buying Russian oil from non-sanctioned entities, the source said, adding that the rest will be non-Russian oil purchased from the spot market.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onBPCLBharat Petroleum Corprussian oilus sanctionsRussian oil sanctionsADNOC Tradingspot marketUpper Zakum crudevladimir putinindian oil (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onBPCLBharat Petroleum Corprussian oilus sanctionsRussian oil sanctionsADNOC Tradingspot marketUpper Zakum crudevladimir putinindian oil(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online....moreless
