India's Reliance Industries, operator of the world's largest oil refin...
NEW DELHI - India’s Reliance Industries, operator of the world’s largest oil refining complex, on Friday said in a statement it was not breaching U.S. sanctions against Venezuela.
Reliance said it has been in “continuous communication with the US Department of State regarding its activities in Venezuela” since the imposition of sanctions. “Reliance’s few transportation fuel shipments to Venezuela, treated as offsets for crude oil receipts, were committed and in-transit when there were no specific restrictions to such transactions. They were all fuels refined in India,” Reliance said.
Additional Venezuela-related sanctions are possible in the future, as U.S. President Donald Trump’s administration has not yet tried to prevent companies based outside the United States from buying Venezuelan oil.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reliance selling fuels from India to Venezuela to avoid U.S. sanctionsIndia's Reliance Industries, operator of the world's biggest refining ...
Read more »
Reliance sends fuel from India, Europe to Venezuela to sidestep U.S. sanctionsIndia's Reliance Industries is selling fuels to Venezuela from India and Eu...
Read more »
Venezuela suspends oil exports to India: Azeri energy ministryVenezuela has suspended its oil exports to India and views Russia and China as i...
Read more »
China says willing to hold more talks with India on blacklisting Kashmir attackerChina said on Friday it was willing to have more discussions with all parties co...
Read more »
India, Pakistan threatened to unleash missiles at each other - sourcesThe sparring between India and Pakistan last month threatened to spiral out of c...
Read more »
India, Pakistan threatened to unleash missiles at each other: sourcesThe sparring between India and Pakistan last month threatened to spiral out of c...
Read more »
Guns and tourists: Aboard the unlikely India-Pakistan 'friendship bus'One Friday morning before dawn, a half-empty Volvo coach slipped out of New Delh...
Read more »
India state banks want Jet Airways' Goyal to reduce stake to 10 percent: CNBC-TV18A group of Indian state-run banks want Jet Airways' embattled founder and C...
Read more »
Indian soldier kills three comrades in disputed Kashmir – Pakistan-IndiaMeanwhile, an Indian soldier was killed in the latest exchange of fire with Pakistani forces across the de-facto Line of Control (LoC) border.
Read more »
India bursts with color in celebration of HoliHindus across India this week celebrate the two-day festival of Holi, which mark...
Read more »
Exclusive: India government asked banks to save Jet, avoid bankruptcy - sourcesIndia's government has asked state-run banks to rescue privately held Jet A...
Read more »