EE Impact

Hindustan Petroleum

India · Energy, Oil & Gas

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Still operating in Russia

Hindustan Petroleum Corporation Limited, commonly referred to as HP, is an Indian oil and gas refining company headquartered in Mumbai. Since 2018, ONGC has owned a majority stake in the company. The company is ranked 367th on the Fortune Global 500 list of the world's biggest corporations as of 2016.

Status last verified 03/08/2026Source checked 06/03/2026Company website ↗LeaveRussia profile ↗

Business in Russia

India's state-run Hindustan Petroleum Corp has resumed purchase ​of Russian oil after a gap ‌of three months, buying two cargoes for arrival later this month.

Decision trail

Decision date 21/02/2023 · Reference ↗

Made a rare purchase of 2 million barrels of Russian Urals crude for loading in May 2022. India’s state-owned refiner Hindustan Petroleum Corp Ltd is facing payment issues for its purchases of Russian crude oil due to a price cap imposed on exports from the OPEC+ producer.

Local stats (LeaveRussia)

Glob.Revenue, mln.USD
51544

Status history since 2022

  1. 03/08/2026 operating · Imported from KSE LeaveRussia

Exposure profile

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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.

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