Reliance selling fuels from India to Venezuela to avoid US sanctions

New Delhi/Mexico City: India’s Reliance Industries, operator of the world’s biggest refining complex, has turned to selling fuels to Venezuela from India and Europe to circumvent sanctions that bar US-based companies from dealing with state-run PDVSA, according to trading sources and Refinitiv Eikon data. Reliance had been supplying alkylate, diluent naphtha, and other fuel to […]

Brookfield to acquire RIL’s East-West Pipeline for ₹13,000 crore

MUMBAI: Canada-based Brookfield Asset Management’s India Infrastructure Trust, an InvIT, is acquiring Reliance Industries Ltd’s (RIL’s) loss-making entity East West Pipeline for ₹13,000 crore, RIL said on Thursday. “Brookfield has filed the preliminary placement memorandum, in terms of which India Infrastructure Trust, an InvIT set up by Brookfield as sponsor and 90% investor, will invest […]