MUMBAI: Reliance Industries (RIL), India’s top private refiner, has stated that it has not sidestepped US sanctions in supplying refined oil products to Venezuela. RIL runs one of the largest refining complexes with a capacity to process 1.24 million barrels per stream day that includes an SEZ refinery from where it exports refined products.
“Since the imposition of US sanctions, Reliance has been in continuous communication with the US Department of State regarding its activities in Venezuela. Reliance has been transparent with US authorities and has also provided detailed feedback to the US Department of State as they were formulating and adjusting US policy regarding product shipments to Venezuela,” RIL said in a statement on Friday.
