Reliance May Return to Middle East Oil

  Published 11 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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