Reliance Industries has refuted claims of receiving Russian oil at its Jamnagar refinery in recent weeks. The company clarified its stance following a news report, stating there is no connection between the news and equity price movements. Despite the denial, a Bloomberg report suggested vessels laden with Russian oil were heading to the refinery, but it was later updated to show the cargo being discharged elsewhere.
Clarification on Russian Oil Shipments
Reliance Industries has addressed recent speculation regarding the receipt of Russian oil at its Jamnagar refinery. The company issued a clarification on January 6, 2026, following a news item that suggested otherwise.
Company’s Position
Reliance stated that it denies receiving Russian oil at its Jamnagar refinery in recent weeks, as per the news clarification. The company also asserted that there is no direct connection between the news report and fluctuations in its equity share prices.
Bloomberg Report Update
While Reliance denies receiving Russian oil, a Bloomberg report initially indicated that ‘three vessels’ carrying Russian Oil were en route to Reliance Industries Limited’s Jamnagar refinery. However, Bloomberg later updated its reporting to clarify that the Russian Oil Cargo was being discharged elsewhere.
Source: BSE
