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Reliance Shifts Oil Imports to Middle East Amid Sanction Pressures
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Reliance Industries has shifted oil imports away from Russia toward Middle Eastern and U.
Reliance Industries has further cut Russian oil purchases to avoid Trump-era secondary sanctions, increasing imports from the Middle East and U.S. suppliers. Analysts estimate a 10% rise in non-Russian crude procurement this quarter. The refiner continues to hedge against volatility as oil prices hover near $89 a barrel. Policy experts say the diversification reduces geopolitical risk while aligning with India’s energy security strategy.