Business · Energy & Commodities · 1 hr ago
Rubio says U.S. will discuss Venezuelan oil with Reliance
U.S. Secretary of State Marco Rubio said Washington will discuss Venezuelan oil with Reliance during his visit to India.
The talks will cover refining more Venezuelan crude and producing oil in Venezuela.
On October 21, Rubio is due to visit Reliance’s refinery in Jamnagar, Gujarat, after arriving in Mumbai.
Rubio said India has made substantial progress in diversifying its energy supplies, including reducing its reliance on Russia.
India has said it wants a wider range of energy suppliers, though changing supply arrangements takes time.
The visit comes as India and the United States are close to a trade deal, but still have a small number of issues to settle.
Rubio said the two sides hope to announce progress soon, after which their leaders may sign an agreement.
U.S. Secretary of State Marco Rubio said the U.S. delegation would discuss Venezuelan oil production and refining with Reliance.
Rubio described India as a refining superpower able to process heavy crude.
He said India had made substantial progress in diversifying its energy supplies, including away from Russia.
Rubio spoke to journalists in Mumbai on October 20, at the start of a three-day visit to India.
He said sanctions and other impediments might need to be addressed before more Venezuelan oil could be produced.
- Who
- U.S. Secretary of State Marco Rubio and the U.S. delegation; Reliance is the company they plan to speak with.
- What
- They will discuss producing oil in Venezuela and refining more Venezuelan crude with Reliance.
- When
- Rubio announced the discussions on October 20, 2026.
- Where
- Rubio made the remarks in Mumbai, India.
- Why
- Rubio said India has the ability to refine heavy crude and has expressed a desire to diversify its energy supplies.
This story does not have two clearly opposing sides.
Rubio arrived in Mumbai and said the U.S. delegation would discuss Venezuelan oil with Reliance.
Rubio was scheduled to depart Mumbai for Jamnagar to visit Reliance’s refinery and the Vantara animal facility.
- U.S. official
- Marco Rubio, U.S. Secretary of State
- Company
- Reliance
- Proposed discussions
- Producing oil in Venezuela and refining more Venezuelan crude
- Announcement location
- Mumbai, India
- Announcement date
- October 20, 2026
4 sources
India is a refining superpower, can process Venezuelan oil: Marco Rubio
Rubio says India made ‘substantial progress’ in diversifying oil purchases
Rubio says U.S. to discuss refining Venezuelan crude with Reliance, adds India made ‘substantial progress’ in diversifying energy supplies
अंबानी से जामनगर में मिलेंगे अमेरिकी मंत्री: टेक्सास रिफाइनरी में रिलायंस के निवेश पर चर्चा संभव; अडाणी से ...
What people are saying
India is a refining superpower. They have the capability to refine heavy crude. They've done so in the past, and I think as more and more Venezuelan oil comes online, it's something they can do.
The U.S. will also discuss with Reliance producing oil in Venezuela
What India has expressed repeatedly is their desire to diversify their energy portfolio, which is a smart thing to do
We’re very very close; I would say we’re about as close as you can be without having an executed agreement.