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It is reported that the United States has issued a license to India's Reliance, allowing it to purchase Venezuelan oil directly.

It is reported that the United States has issued a license to India's Reliance, allowing it to purchase Venezuelan oil directly.

汇通财经汇通财经2026/02/13 08:45
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⑴ According to two sources familiar with the matter, the United States has issued a general license to India's Reliance Industries Limited, allowing the refinery to directly purchase Venezuelan oil without violating sanctions. ⑵ Earlier, after the U.S. arrested Venezuelan President Maduro, U.S. officials stated that Washington would ease sanctions on Venezuela's energy sector. ⑶ This move aims to facilitate a $2 billion oil supply agreement between Caracas and Washington. ⑷ The agreement also involves a $100 billion plan to rebuild Venezuela's oil industry. ⑸ The general license authorizes the purchase, export, and sale of already-extracted oil of Venezuelan origin, including the refining of such oil. ⑹ Issuing the license to Reliance is expected to accelerate Venezuelan oil exports and reduce crude oil costs for the world's largest refinery operator. ⑺ Reliance applied for the license in early January, and the company did not respond to an email request for comment.
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