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Rubio Says US to Discuss Venezuelan Oil Production with Ambani's Reliance Industries

Rubio said the United States will discuss obstacles and opportunities as Reliance could help bring more Venezuelan oil into global markets.

  • On Tuesday, U.S. Secretary of State Marco Rubio began a three-day visit to India to discuss expanding energy cooperation and exploring opportunities for Reliance Industries to refine Venezuelan crude.
  • Rubio described energy as a "key national security issue," noting that India has made "substantial progress" in diversifying its energy sources away from Russian oil imports.
  • Addressing journalists in Mumbai, the Secretary indicated the U.S. will explore how Reliance can refine more Venezuelan crude to address global supply shortages, though sanctions pose potential hurdles.
  • Negotiators are nearing a final bilateral trade agreement, with Rubio stating the countries are "about as close as you can be" without an executed deal, with only a small number of items remaining.
  • On Wednesday, October 21, 2026, the diplomat will travel to Jamnagar to tour the Reliance energy refinery and the Vantara animal facility, hosted by the Ambani family during what officials termed a "private visit.
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Washington, New Delhi are close to finalizing bilateral trade agreement as India seeks to diversify energy imports, says US secretary of state

·Ankara, Türkiye
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Times of India broke the news in India on Tuesday, October 20, 2026.
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