Will Reliance buy Venezuelan oil? ‘Await clarity on non-US buyers’ - here’s what the company said
Reliance Industries is considering resuming Venezuelan crude oil purchases if non-US buyers are permitted, awaiting regulatory clarity. Other Indian refiners like Indian Oil Corp and Hindustan Petroleum Corp are also open to Venezuelan oil under similar conditions. This potential shift comes as India faces pressure to reduce Russian oil imports.
Reliance Industries is considering resuming Venezuelan crude oil purchases if non-US buyers are permitted, awaiting regulatory clarity. Other Indian refiners like Indian Oil Corp and Hindustan Petroleum Corp are also open to Venezuelan oil under similar conditions. This potential shift comes as India faces pressure to reduce Russian oil imports.
