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VOL. I·NO. 01
THURSDAY, OCTOBER 8, 2026
  1. 001CNBCOCT · 08English

    Indian billionaire's firm backing Trump refinery plan emerges top Venezuelan oil buyer outside U.S.

    Indian billionaire Mukesh Ambani's Reliance Industries, which is investing in Trump's proposed U.S. refinery project, has become the largest buyer of Venezuelan crude outside the U.S., purchasing 76% of India's Venezuelan oil imports in September. The Jamnagar refinery is uniquely equipped to process Venezuela's heavy crude grades.