Reliance Gets US Approval to Resume Crude Imports from Venezuela

Reliance Industries Ltd. has secured US approval to resume importing oil from Venezuela despite White House sanctions on the country, according to people familiar with the development.

India’s largest privately owned refiner plans to start purchasing Venezuelan crude soon, said the people, who asked not to be named as the information is not public. Reliance accounted for around 90% of India’s crude imports from Venezuela after the sanctions were lifted last year, according to data intelligence firm Kpler.

The US Treasury declined to comment, and Reliance did not reply to email seeking comment.

Washington temporarily removed restrictions on the ...