Archive · 8 Jan 2026

Reliance Awaits Clarity on Venezuelan Oil

Reliance Awaits Clarity on Venezuelan Oil

Reliance Industries, a big company in India, said they are waiting for clear rules about buying oil from Venezuela.

This is because the United States did something in Venezuela, and Reliance wants to make sure they follow all the rules before buying oil.

Venezuela has a lot of oil, but it doesn't produce as much as it used to.

Reliance and other companies in India have bought oil from Venezuela before, but not as much lately.

They have special refineries that can handle the kind of oil Venezuela has.

Reliance wants to buy oil from Venezuela again if it's allowed.

Sources