Reliance Offers Middle Eastern Oil Cargoes Amid Shift from Russian Crude
According to sources, RIL recently purchased around 12 million barrels from Abu Dhabi, Qatar, Iraq, and the U.S. to replace Russian supplies. Some of these cargoes, including Iraqi Basrah Medium, have been offered for resale to refiners in Europe.
The move marks a strategic adjustment in Reliance’s sourcing approach as it balances global supply risks and adapts to evolving geopolitical trade conditions.
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