Reliance has been given a license to buy Venezuelan oil.. America has given a license!
It is reported that Reliance has been given a license by America to buy direct oil from Venezuela. With this, the company can now import crude oil directly from there without fear of sanctions. This will reduce costs for Reliance, which has the largest refinery in the world. After the arrest of former President Maduro of Venezuela, America is ruling the oil industry there. On the other hand, oil imports from Russia are set to decrease with this development.
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