India's Reliance Industries, operator of the world's biggest refining ...
NEW DELHI/MEXICO CITY - India’s Reliance Industries, operator of the world’s biggest refining complex, has turned to selling fuels to Venezuela from India and Europe to circumvent sanctions that bar U.S.-based companies from dealing with state-run PDVSA, according to trading sources and Refinitiv Eikon data.
At least three vessels chartered by the Indian conglomerate supplied refined products to Venezuela in recent weeks, and another vessel carrying gasoil is expected to set sail to the South American nation as well, according to the sources and data. Additional sanctions against Venezuela are possible in the future, as U.S. President Donald Trump’s administration has not yet tried to prevent companies based outside the United States from buying Venezuelan oil, a strategy known as “secondary sanctions.”
“Reliance is also supplying some products from its Rotterdam storage,” a source familiar with Reliance’s operation said.In a statement last week, Reliance said its U.S. unit has completely stopped all business with PDVSA. Reliance also halted all supply of diluents including heavy naphtha to Venezuela and does not plan to resume such sales until sanctions are lifted, according to the release.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Venezuela suspends oil exports to India: Azeri energy ministryVenezuela has suspended its oil exports to India and views Russia and China as i...
Consulte Mais informação »
Exclusive: India government asked banks to save Jet, avoid bankruptcy - sourcesIndia's government has asked state-run banks to rescue privately held Jet A...
Consulte Mais informação »
China says played 'constructive role' in reducing Pakistan, India tensionChina played a 'constructive role' in reducing tension between Pakista...
Consulte Mais informação »
JP Morgan and Goldman Sachs are getting more bullish on IndiaIndia has the 'best growth story' among global emerging markets, said J.P. Morgan, as Goldman Sachs raised its rating on Indian stocks to 'overweight' in a Monday report.
Consulte Mais informação »
China told of 'deteriorating situation' in Indian Kashmir – Pakistan-IndiaPakistan Foreign Minister Shah Mahmood Qureshi told his Chinese counterpart of the 'rapidly deteriorating situation' and rights violations in Indian Kashmir, and called for India to look again at its policies there.
Consulte Mais informação »
Why India celebrates Holi: The legends behind the festival of colorHoli is the bold, colorful image of India most often seen in ad campaigns, films and music videos. But what is Holi and what do people do at the festivals?
Consulte Mais informação »
U.S. remains concerned about India-Pakistan tensions: officialThe United States remains concerned about India-Pakistan tensions as the nuclear...
Consulte Mais informação »
Celebrity Jeweler Suspected in $2 Billion Fraud Arrested in London, Faces Extradition to IndiaNirav Modi, who built a global jewelry retail empire, was arrested in London and faces extradition to India to face allegations that he defrauded lenders of nearly $2 billion
Consulte Mais informação »
Indian court acquits four men in 2007 India-Pakistan train blast caseAn Indian court on Wednesday acquitted four Hindu men accused of bombing a train...
Consulte Mais informação »
Pakistan successfully tests newly developed guided missile – Pakistan-IndiaThe announcement by Pakistan follows recent skirmishes with rival India over disputed Kashmir during which Pakistan said it shot down two Indian planes and captured a pilot, who was later returned to India.
Consulte Mais informação »