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Reliance buys Venezuelan oil from Chevron for 1st time in 3 years
short by Pravel Jain / on Wednesday, 25 February, 2026
US oil major Chevron has sold its first cargo of Venezuelan crude to Mukesh Ambani-led Reliance Industries since December 2023, Reuters reported. The cargo includes Boscan heavy crude, which is expected to be shipped on the Ottoman Sincerity vessel. This also marks the first sale of Boscan heavy crude, which is used in asphalt making, in about six years.