Reliance Industries will consider purchasing Venezuelan oil

Vaishnavi Mishra, Published on Jan 8th, 2026

Reliance Industries will consider purchasing Venezuelan oil

Mukesh Ambani-led Reliance Industries, in a response to Reuters, said it will consider buying Venezuelan oil if permitted for sale to non-US buyers. "We await clarity on access for Venezuelan oil by non-US buyers and will consider buying…in a compliant manner," a Reliance Industries spokesperson said. Notably, Venezuela will export up to $2 billion worth of oil to US.

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