Reliance buys Iran oil after six-year hiatus
An Iranian oil technician makes his way to the oil separator facilities in Azadegan oil field —FILE PHOTO: AP/ Reliance Industries has bought crude oil from Iran after a six-year break and is looking to strike a long-term fixed quantity deal, post lifting of sanctions. RIL, which operates the world’s biggest refining complex at Jamnagar in Gujarat, is looking at quickly ramping up purchases to the earlier levels of about 5 million tonnes a year. “Re-established relationship with Iran, sourced crude oil post lifting of sanctions,” the ...
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