Reliance Industries500325Oil refining and
US Secretary of State Marco Rubio visited Reliance's Jamnagar refinery along with Ambani family members, seen as a push for India to buy more Venezuelan oil
By ScoutQuest · · 1 min read
- US share of Venezuelan oil proceeds
- 35 percent
Heard on business television between 08:03:38 - 08:06:38 IST.
- Reliance Industries tweeted pictures from Jamnagar showing Sergio Gor, Marco Rubio, Mukesh Ambani, Anant Ambani and others.
- Commentators Pramit Pal Chaudhary and Rajeev Srivastava suggested the visit was aimed at getting India/Reliance to buy more Venezuelan oil.
- Jamnagar refinery has the highest complexity, allowing it to refine Venezuelan crude.
- US reportedly sells Venezuelan oil and keeps 35% of proceeds, rest goes to Venezuela.
- Also noted President Trump's earlier tweet claiming Reliance would buy a US refinery, though neither Reliance nor India has confirmed this.
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Source: Live TV News Channel · 22 Oct 2026
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