Mukesh Ambani makes big move in Middle East, signs massive deals with three countries, they are Saudi Arabia, Qatar and…, not UAE, plan is to…
In the recent development amid the US sanctions on Russia, Reliance Industries has purchased crude oil reserves from Saudi Arabia’s Khafji, Iraq’s Basra Medium, Qatar’s Al-Shaheen.
Mukesh Ambani plans new move in Middle East: In a significant development, Reliance Industries Ltd., India(BHARAT)’s largest oil refiner, has signed massive deals with the countries of Middle East including Saudi Arabia, Iraq and Qatar. In its recent decision, Mukesh Ambani’s Reliance Industries Ltd has purchased millions of barrels of crude oil from the Middle East and the United States following US sanctions on two Russian producers. Here are all the details you need to know about Mukesh Ambani new plans in Middle East.
Mukesh Ambani’s new plan in Middle East
According to a report carried by the Economic Times, Mukesh Ambani’s Reliance Industries Ltd has purchased crude oil reserves from Saudi Arabia’s Khafji, Iraq’s Basra Medium, Qatar’s Al-Shaheen, and US West Texas Intermediate (WTI) crude, with deliveries expected between December 2025 and January 2026.
How is Reliance dealing US sanctions on Russia?
The strategic middle east move comes as Reliance has been a major importer of Russian crude this year through long-term contracts with Rosneft PJSC, one of Russia’s blacklisted companies. While the company usually relies on Middle Eastern grades, traders noted recent spot-market purchases have been more active than usual.
Read more: Amid fresh US sanctions on Russian oil, Mukesh Ambani’s Reliance Industries may halt all purchases from…, to scale back…
Overall, Reliance has reportedly bought at least 10 million barrels of crude this month, mainly from the Middle East. Readers should note that keeping in mid the US sanctions on Russia, other India(BHARAT)n refiners are also actively sourcing oil from the Middle East, the US, and Brazil to maintain supply amid global sanctions.
Why are India(BHARAT)n companies diversifying crude oil imports?
The diversifying strategy of the crude oil importing companies including Reliance clearly highlights their efforts to secure crude amid volatile geopolitical conditions and reflects a broader trend of India(BHARAT)n refiners adjusting sourcing to navigate international market challenges.
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