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India may get access to Venezuelan oil as US signals huge policy shift; Reliance shows interest

The United States is indicating a significant policy shift that may enable India to purchase Venezuelan oil, with Reliance Industries expressing interest in buying once regulations for non-US buyers are clarified. This potential revival of energy trade could alter the dynamics of oil imports for India.

India may get access to Venezuelan oil as US signals huge policy shift; Reliance shows interest

Credit: Mathrubhumi

Key Highlights

  • The US is considering allowing India to buy Venezuelan crude oil.
  • Reliance Industries is interested in purchasing Venezuelan oil under new conditions.
  • A senior White House official confirmed the openness to India's access to Venezuelan oil.
  • The policy shift could revive energy trade between India and Venezuela.
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Sources

  1. India may get access to Venezuelan oil as US signals huge policy shift; Reliance shows interest

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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