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India's Reliance Allowed to Import Venezuelan Oil: Reuters Sources

OIL

India’s Reliance has received U.S. approval to import Venezuelan oil according to Reuters sources.

  • The U.S. reimposed oil sanctions against Venezuela in April for failing to uphold its side of the deal towards fairer election progress.
  • Before U.S. oil sanctions were first imposed on Venezuela in 2019, Reliance was the second-largest individual buyer of Venezuelan crude after China's CNPC.

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