US EditionRIL to Purchase Sanctions-Compliant Russian Oil
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Huge oil tankers are coming from Russia to India again. After a break of almost a month, Reliance Industries has decided to resume its purchases of Russian crude oil. Amid the sanctions, the company has adopted a strategy that Russian tankers will arrive at Jamnagar in Gujarat in February and March, and also without violating European regulations. Reliance temporarily suspended Russian oil imports after December, according to a Reuters report th…
RIL to Purchase Sanctions-Compliant Russian Oil
After a one-month suspension, sanctions-compliant Russian oil is expected to be delivered to India's Reliance Industries Ltd, which operates the largest refining complex in the world, in February and March. After obtaining a one-month US concession that permitted it to conclude its transactions with the sanctioned Russian oil giant Rosneft after a deadline of November 21, Reliance last received Russian crude in December.Various media reports sta…
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