Reliance to Use Naptha for Venezuela Purchases
This is a Venezuela news story, published by Yahoo Finance, that relates primarily to Reliance Industries news.
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Venezuelan oil purchaseReuters
•Exclusive-India's Reliance in crude-for-naphtha swap deal with Venezuela, sources say
81% Informative
India 's Reliance Industries plans to use naptha supplies as partial payment for crude purchases from Venezuela .
The refiner obtained a U.S. approval last month to resume oil trade with the sanctioned producer.
The arrangement is similar to past Reliance trades with Venezuela 's state company PDVSA.
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