Indian refiners bought less oil from Russia in November. The financial director of the state-owned company BPCL explains this by saying that Russian oil is not profitable now, and the main reason is shipping. Since the beginning of the war around the Strait of Hormuz, transporting a barrel by sea costs about 20 dollars, a year ago it was 3. A tanker from Primorsk or Novorossiysk takes about a month to India, from Basra in Iraq - less than a week.