1 month ago
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ARTICLE AD BOX
A portion of Reliance Industries has reportedly started loading a 2-million-barrel shipment of Venezuelan crude. The lipid has straight procured from state-run lipid steadfast Petróleos de Venezuela, SA (PDVSA), according to a institution papers and shipping information connected Monday, cited by Reuters.Reliance Industries secured a US wide licence successful February 2026, pursuing an exertion successful aboriginal January, allowing it to straight purchase, export and refine Venezuelan crude without breaching sanctions. The support came amid a broader easing of restrictions connected Venezuela’s vigor assemblage by the medication of Donald Trump. The determination is expected to assistance Reliance diversify its crude sourcing, perchance replacing immoderate Russian supplies with discounted Venezuelan dense oil, portion supporting renewed lipid flows from Caracas.
