What did the Reuters report claim about Reliance and Iran?

A Reuters report, citing sources, claimed that Reliance Industries purchased 5 million barrels of Iranian crude oil shortly after US sanctions on Iranian oil were temporarily lifted.

What is Reliance Industries' response to the media reports?

Reliance Industries has urged the concerned media outlets to verify facts before publication and has stated that the reports are baseless, leading to misleading and incorrect claims.

Home / Business and Economy / Reliance Denies Iran Oil Deal Rumors

Reliance Denies Iran Oil Deal Rumors

Q: Did Reliance Industries buy crude oil from Iran?

No, Reliance Industries Limited has categorically rejected recent media reports that alleged the company purchased crude oil of Iranian origin, stating these claims are baseless and misleading.

26 Mar

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Summary

Reliance Industries has denied buying crude oil from Iran.
The company called the media reports baseless and misleading.
Reuters cited sources about a 5 million barrel Iranian crude purchase.

Reliance Industries Limited has issued a categorical denial regarding recent media reports that alleged the company purchased crude oil originating from Iran. The company firmly stated that such claims are baseless and misleading.

This clarification follows a report by Reuters, which cited sources suggesting Reliance had acquired 5 million barrels of Iranian crude oil. This alleged transaction reportedly occurred shortly after the temporary lifting of US sanctions on Iranian oil.

Reliance Industries has urged media organizations to exercise due diligence and verify facts thoroughly before disseminating information. The company emphasized the importance of accurate reporting, particularly on matters involving international energy markets and sanctions.

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