US Secretary of State Marco Rubio visits the Jamnagar refinery, owned by Reliance Industries, to discuss refining more Venezuelan crude and to reinforce Washington's efforts to punish Russian energy buyers while stabilising global fuel markets ahead of US midterm elections.
01Summary
- 01Rubio is touring the Jamnagar refinery in Gujarat, the world’s largest single-site refinery with a capacity of 1.4 million barrels per day.
- 02Reliance is expected to account for 350,000 to 370,000 barrels per day of Venezuelan crude imports in October.
- 03The refinery processed more than 216 crude grades and exported 21.66 million tonnes of refined products in the first half of 2025.
- 04In September, six of seven large cargo ships carrying oil products to EU ports carried Reliance goods.
- 05A loophole allows the Jamnagar refinery to sell products to Europe even if it also processes Russian crude, according to CREA.
02Why it matters
Reliance's refinery is key to global fuel supply and US efforts to control oil prices and punish Russian energy exports, directly affecting fuel costs and geopolitical stability.
Pulse AIAsk about this story
Answers are generated by AI from the story summary; they are not investment, health or legal advice.
