India has become the largest destination for Venezuelan oil outside the United States, with Reliance Industries purchasing the bulk of the imports.
Reliance, one of the country’s biggest conglomerates, has stepped up its procurement of Venezuelan crude in recent months, a move that comes amid ongoing sanctions on the South American nation.
The bulk purchases by Reliance signal a steady demand for Venezuelan oil in India, even as the country navigates complex global trade restrictions.
These transactions underscore India’s continued reliance on Venezuelan crude as part of its broader energy strategy.
<small>Source: CNBC — read the original story there.</small>