Reliance May Return to Middle East Oil

  Published 8 months ago

Reliance may shift from Russian crude to Middle Eastern sources as U.S. pressure mounts on India to cut Russian imports.

  • Reliance operates the world's largest Jamnagar refinery, capable of processing 1.4 million barrels of crude oil daily.
  • Shift may boost imports from Saudi Arabia, UAE, Latin America, and possibly North Sea crude suppliers.
  • U.S. imposed extra 25% tariffs on Indian imports, raising potential duties to 50% over continued Russian oil purchases.

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