New Delhi, Oct 24
Reliance Industries announced on Friday that it will comply with the EU guidelines on the import of refined products into Europe linked to the fresh sanctions that have been imposed on Russia’s crude oil exports.
The company also said that “whenever there is any guidance from the Indian Government in this respect, as always, we will be complying fully.”
The Indian company has indicated that it will be diversifying its sources for crude imports to fill this gap and adjust the operations at the refinery accordingly to cater to the domestic and EU market.
According to a Bloomberg report, Reliance has large quantities of crude from the US and the Middle East after the US imposed sanctions on the Russian oil companies. These consignments are expected to arrive at Jamnagar in December or January.