Indian refiners resume imports of Venezuelan oil, RIL seeks direct deal
Indian refiners have resumed buying Venezuelan oil through intermediaries, with Reliance set to meet executives from state firm PDVSA next week to discuss oil sales following the easing of U.S. sanctions on the South American country, people familiar with the matter said.
The resumption in trade between the OPEC producer and what it was its second largest destination for oil exports comes after Washington in October temporarily lifted sanctions banning Venezuelan oil exports, prompting a flurry of spot sales of crude and fuel through middlemen and traders, mostly to China.
