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State-run Indian refiner Bharat Petroleum Corp is buying Middle Eastern crude to make up for less supply of cheaper Russian oil, its head of finance Vetsa Ramakrishna Gupta said in a recent interview.

Bharat Petroleum Corp is increasingly relying on Middle Eastern crude, including Omani oil, to make up for a shortage in its Russian oil supply, according to the company’s head of finance, Vetsa Ramakrishna Gupta.

India became a top buyer of Russian seaborne oil after the European Union shunned purchases and imposed sanctions on Moscow following its invasion of Ukraine in 2022