Indian personal refiner Reliance Industries Ltd. has acquired a common license from the USA that can permit it to buy Venezuelan oil instantly, in line with an individual conversant in the matter.
The particular person requested to not be named because the matter will not be public.
Reliance, owned by billionaire Mukesh Ambanioperates the world’s largest refinery advanced. Individually, the Indian authorities has requested state-owned refiners to contemplate shopping for extra Venezuelan crude and oil from the US after signing a commerce settlement earlier this month.
Reliance didn’t reply to a message searching for remark.