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Rubio visits Jamnagar to discuss Venezuelan oil with Reliance

economictimes.indiatimes.com — October 21, 2026 at 04:01 AM UTC

U.S. Secretary of State Marco Rubio is visiting Jamnagar, India, on Wednesday to discuss energy cooperation with Reliance Industries, focusing on processing Venezuelan oil to help stabilize global supply chains. The visit centers on Washington's push to diversify India's energy imports away from Russia and find markets for increased Venezuelan crude production. Rubio will meet billionaire Mukesh Ambani at the world's largest refining complex, which processes about 1.4 million barrels daily. The refinery's scale is valuable amid geopolitical disruptions threatening shipping routes like the Strait of Hormuz. Rubio called India a refining superpower, while noting Venezuelan oil alone won't offset all supply disruptions. Reliance is also backing a proposed $300 billion U.S. refinery project in Texas.

With a significance score of 3.8, this news ranks in the top 7.7% of today's 33115 analyzed articles.

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