Foreign media: The United States has granted a general license to Reliance Industries Ltd, allowing it to directly purchase Venezuelan crude oil without violating sanctions.
Reliance applied for the license in early January. This license will help it replace Russian crude oil with Venezuelan crude oil, reducing crude oil costs. After the U.S. captured Venezuelan President Maduro, the U.S. eased sanctions on Venezuela's energy sector to promote a $2 billion oil supply agreement and a $100 billion oil industry reconstruction plan between Venezuela and the U.S.
Previously, Reliance had stopped purchasing Venezuelan crude oil due to U.S. sanctions. This license will accelerate Venezuela's oil exports and reduce the costs of operating the world's largest refinery.
Original article: toutiao.com/article/1857004695276804/
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