Lakshmi Mittal’s energy venture buys Russian oil shipped via US-blacklisted vessels: Report
Steel tycoon Lakshmi Mittal’s energy joint venture has bought Russian oil transported on sanctions-listed vessels, according to an analysis of satellite imagery, shipping data and customs records by the Financial Times.
As per FT, the Guru Gobind Singh Refinery in Bathinda, Punjab, a major oil refinery co-owned by the long-term UK resident Mittal, received at least four crude shipments worth almost $280 million this year, which had been transported most of the way from Russia on sanctions-listed ships. The refinery is the 10th largest in India, able to process 11.3mn tonnes a year.
