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Reliance starts selling Middle Eastern oil to adapt to sanctions
Business
Reliance Industries, led by Mukesh Ambani, is switching things up by selling Middle Eastern oil—something they haven't really done before.
This move comes as global sanctions make it harder to rely on Russian crude, so Reliance has started selling grades like Murban and Upper Zakum on the open market.
India's energy strategy amid global challenges
Western sanctions on Russian oil are pushing Indian companies to look elsewhere for supplies.
Reliance used to import a lot from Russia's Rosneft, but now they're diversifying—recently even selling Iraqi crude to a Greek buyer.
It's all part of India's bigger effort to keep energy flowing smoothly despite global challenges.