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ā¢ India plans to resume importing Venezuelan oil after a three-year pause, taking advantage of eased US sanctions on the South American nation.
ā¢ Reliance Industries Ltd. has booked two supertankers and a Very Large Crude Carrier to potentially hold up to 6 million barrels of crude.
ā¢ The return of India as a buyer is bad news for Chinese refiners, who have been the most resilient customers of Venezuelan oil in recent years.