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Reliance Industries Boosts Middle East, US Crude Imports Amid Sanctions
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Reliance Industries increased crude imports from the Middle East and US by 10% this quarter as sanctions constrained Russian oil supply.
Reliance Industries has diversified its oil sourcing portfolio as extended US sanctions limit Russian crude imports. The company is reportedly raising purchases from the Middle East and the US by 10% this quarter to maintain refinery throughput. Analysts note that diversification mitigates supply risks and aligns with global compliance norms. Reliance’s strategy also supports India’s broader energy security by ensuring steady access to low-sulphur crude varieties amid evolving geopolitical pressures.