India’s Reliance caps Venezuelan oil imports

15th March, 2019 12:07:17 printer

MUMBAI: India’s biggest private oil refiner Reliance Industries has stopped crude imports from sanction-hit Venezuela, the company said Thursday, following pressure from the United States.

The energy-to-telecoms conglomerate has also stopped exporting diluents to the crisis-hit South American country, it told AFP.

The announcements come after US Secretary of State Mike Pompeo asked India to halt all crude imports from Nicolas Maduro’s regime, which the United States does not recognize, reports AFP.

“Our US subsidiary has completely stopped all business with Venezuela’s state-owned oil company, PdVSA, and its global parent has not increased crude purchases,” Reliance said in an emailed statement.