{"id":86171,"date":"2026-01-09T00:00:00","date_gmt":"2026-01-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?p=86171"},"modified":"2026-01-09T10:08:31","modified_gmt":"2026-01-09T10:08:31","slug":"reliance-weighs-venezuelan-crude-if-us-permits-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/09\/reliance-weighs-venezuelan-crude-if-us-permits-2\/","title":{"rendered":"Reliance weighs Venezuelan crude if US permits"},"content":{"rendered":"

India\u2019s<\/strong> largest refiner <\/strong>Reliance Industries<\/a><\/strong> would consider buying Venezuelan<\/strong> crude if the US permits sales to non-US buyers<\/strong> \u2014 a development that could impact MENA suppliers as Saudi Arabia and Iraq have increased exports to India in recent months. Reliance is awaiting clarity on whether Venezuelan purchases would be allowed within a sanctions-compliant framework, Reuters<\/a> reports citing a company statement. <\/p>\n

(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

State-run refiners, Indian Oil Corporation and Hindustan Petroleum Corporation are also keen<\/strong> to buy the Venezuelan crude, the newswire added. HPCL-Mittal Energy, Nayara Energy and Mangalore Refinery and Petrochemicals were among the buyers in the past. <\/p>\n

Context: <\/strong>Reliance operates about 1.4 mn bbl\/d of refining capacity in Jamnagar, which is configured to process heavier grades such as Venezuela\u2019s Merey crude. The refiner halted Venezuelan imports after March 2025, when US President Donald Trump imposed a 25% tariff on crude purchased from Venezuela by third countries. The company\u2019s last Venezuelan cargo arrived in May 2025, the newswire added. <\/p>\n

What\u2019s next? <\/strong>Indian refiners are awaiting US guidance on whether non-US buyers will be permitted to access Venezuelan crude. Until then, Gulf suppliers remain the primary anchor for India\u2019s crude import basket while refiners assess potential heavy-grade options from Latin America.<\/p>\n","protected":false},"excerpt":{"rendered":"

Indian refiners are monitoring Washington\u2019s guidance before reopening discussions on Venezuelan grades<\/p>\n","protected":false},"author":1,"featured_media":86172,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2410],"tags":[2795,2409,2402,2731,2771,2564,2441],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-crude","tag-energy","tag-enterpriseam-india","tag-india-focus","tag-oil-gas","tag-reliance-industries","tag-trade","wpautop","entry"],"acf":{"mongo_id":"59a5973f-a03e-43f4-bf06-ab36da15574b","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/1\/242.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Reliance keen on buying Venezuelan crude if US allows","related_issue":[86166],"teaser":"Indian refiners are monitoring Washington\u2019s guidance before reopening discussions on Venezuelan grades"},"yoast_head":"\nReliance weighs Venezuelan crude if US permits - MENA India Corridors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/01\/09\/reliance-weighs-venezuelan-crude-if-us-permits-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reliance weighs Venezuelan crude if US permits\" \/>\n<meta property=\"og:description\" content=\"Indian refiners are monitoring Washington\u2019s guidance before reopening discussions on Venezuelan grades\" \/>\n<meta property=\"og:url\" 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