Reliance Industries Secures US Approval to Resume Venezuelan Oil Imports Despite Sanctions

Jul 24, 2024, 06:31 AM

Reliance Industries has secured approval from the United States to resume importing oil from Venezuela despite the recent reinstatement of sanctions on trade with the country by the White House. Reliance, India's largest buyer of Venezuelan crude, had been affected by these sanctions. This approval, confirmed by a source, marks a significant development in the energy sector, allowing Reliance to continue its crude imports from Venezuela.