Refinery major Reliance IndustriesNSE -0.96 % (RIL) is selling fuels to Venezuela from India and Europe to sidestep sanctions that bar US-based companies from dealing with the South American nation’s staterun PDVSA, according to trading sources and Refinitiv Eikon data. Reliance had been supplying alkylate, diluent naphtha and other fuels to Venezuela through its USbased subsidiary before Washington in late January imposed sanctions aimed at curbing the Organization of the Petroleum Exporting Countries (Opec) member’s oil exports and ousting Socialist President Nicolas Maduro.
