Rubio's visit to major refinery sparks talks on Russian and Venezuelan oil
US Secretary of State Marco Rubio visited the Jamnagar Oil Refinery in India, the world's largest oil refining complex, as part of efforts to redraw the map of global oil trade. The Americans aim to reduce India's dependence on Russian oil and increase its imports of Venezuelan oil, amidst rising fuel prices and the impacts of the war on Iran. Reliance's refinery complex, with a refining capacity of 1.4 million barrels per day, is expected to take a significant share of Venezuelan oil imports and is used to process Russian oil despite US sanctions. The visit included discussions on boosting Venezuelan oil exports and achieving a balance in global energy supplies, amid trade tensions with Russia and US sanctions on Russian oil imports.
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