Reliance Industries, which operates the world’s largest refinery complex, has halted exports of diesel and other oil products from India’s port of Sikka because of a hurricane off the country’s west coast, traders said on Monday.
Reliance said in a letter to traders that due to the storm that could hit India’s western state of Gujarat and southern parts of Pakistan this week, exports from Sikka have been classified as force majeure.
The 704,000 barrels per day (bpd) Jamnagar refinery is a major exporter of diesel, particularly to Europe, where imports from Asia have surged since the EU imposed a ban on Russian diesel in February.
Reliance did not immediately respond to a request for comment.
Force majeure is an event that is beyond a company’s control, such as a natural disaster, which usually releases it from its contractual obligation without penalty.