refinery

Tesla opened a lithium refinery, and Exxon and Saudi Basic Industries Corp., the kingdom’s petrochemicals company, erected a $7 billion plastics facility.

You can’t tariff your way out of dependency when your own refineries are designed to process heavy Canadian crude.

Meanwhile, reports indicate that alongside urging Europe and India to halt purchases of Russian oil, Washington plans to share additional intelligence with Ukraine on Russian refineries, pipelines and other energy infrastructure.

Since 2022, Russian crude has made up about a third of what has been imported by the refinery, according to Kpler.

Indian refineries have become major buyers of Moscow’s crude since the war in Ukraine began.