Trust market returns to secure oil: India owns stakes in oilfields from Russia to Abu Dhabi, but getting t

Indian state-owned oil companies hold significant stakes in Russian and Abu Dhabi oilfields, but these investments primarily generate dividends rather than guaranteeing physical crude supply. When the Strait of Hormuz closed in March, Indian refiners purchased Russian crude from the open market instead of accessing their equity shares. Sanctions, insurance constraints, and shipping costs prevented the direct delivery of oil from these overseas assets to domestic refineries.

Source: Trust market returns to secure oil: India owns stakes in oilfields from Russia to Abu Dhabi, but getting t — The Economic Times

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