India’s Reliance Industries to skirt US sanctions by selling naphtha to Venezuela through its Indian and European subsidiaries

Reliance Industries Ltd. has started selling oil products including the popular diluent naphtha to PDVSA Venezuela from its Indian and European subsidiaries after it suspended oil product sales to the troubled Venezuelan company from its U.S. subsidiary to avoid getting punished for sanction violations. Reuters reports, citing shipping data, that India’s largest oil refiner had sent […]

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US wants India to stop buying Venezuelan oil

The United States has pressed India to stop buying Venezuelan crude oil as a means of accelerating President Nicolas Maduro’s removal from office, which Washington has made its top priority in Latin America recently. “We say you should not be helping this regime. You should be on the side of the Venezuelan people,” the U.S. envoy […]

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