Reliance returns to buying Venezuelan oil
Reliance has resumed importing Venezuelan crude after a hiatus, acquiring a 2 million barrel cargo. This marks India’s first purchase since US intervention in Venezuela’s oil sector and follows a US-India trade deal. Previously, Reliance was a significant buyer of Venezuelan oil before US sanctions.🕒 1 min read
Reliance has resumed importing Venezuelan crude after a hiatus, acquiring a 2 million barrel cargo. This marks India’s first purchase since US intervention in Venezuela’s oil sector and follows a US-India trade deal. Previously, Reliance was a significant buyer of Venezuelan oil before US sanctions.
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