Reliance Mulls Reviving Iran Trade as Oil Drop Boosts Profit
Reliance Industries Ltd., operator of the world’s biggest oil-refinery complex, will be looking to reestablish trading ties with Iran once sanctions are eased following the nation’s nuclear accord with world powers. “Clearly it has opened up opportunities on both sides, meaning it’s also for sourcing, it’s also for products,” Joint Chief Financial Officer V. Srikanth said at a briefing in Mumbai after the company’s first-quarter earnings on Friday. “We’re also trying to find how the engagement will happen.” will allow Reliance to restart ...
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