20-Oct-2026 17:43:46
Rubio Calls India a ‘Refining Superpower’; Reliance Talks to Focus on Venezuelan Crude
US Secretary of State Marco Rubio said India is a “refining superpower” and that Reliance Industries could process more Venezuelan crude as production increases. Ahead of his visit to Reliance’s Jamnagar refinery, Rubio said the company has the capability to refine heavy crude and that discussions would cover expanding supplies. He also highlighted Indian companies’ existing oil concessions in Venezuela, while noting that sanctions could pose hurdles. The talks could open opportunities for Reliance as global energy supply pressures persist.