Reliance Industries could soon restart purchasing crude from Venezuela, according to a report India’s largest privately owned refiner, Reliance Industries, has secured US approval to resume importing crude oil from Venezuela despite the sanctions on the South American country, Bloomberg reported on Wednesday, citing sources. People familiar with the matter told the outlet that the Indian refiner plans to start purchasing Venezuelan crude shortly. The operator of the world’s biggest refining complex, Reliance accounted for around 90% of India’s crude imports from Venezuela after the sanctions were temporarily lifte
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