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What will be the primary source of oil imports for Reliance Industries by the end of 2024?
2
Resolution / Starting Odds
Venezuela • 25%
Saudi Arabia • 25%
Iraq • 25%
Other • 25%
Publicly available trade data and official statements from Reliance Industries
Story
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.
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