India’s Top Private Refiner Gets U.S. License to Buy Venezuelan Crude

Despite the return of U.S. sanctions on Venezuela, India’s biggest private refiner, Reliance Industries, has obtained a U.S. license to buy crude from the South American country, sources with knowledge of the matter have told Bloomberg. Reliance Industries, as well as ONGC Videsh, the overseas unit of Indian state-owned Oil and Natural Gas Corporation (ONGC), have applied for special licenses to continue importing Venezuelan crude after the Biden Administration ended a six-month sanctions relief on Venezuela’s oil exports. Reliance…