Reliance Industries relocates Dubai crude oil trading team to Mumbai by year-end after securing long-term oil supplies from Russia.

Reliance Industries Ltd, India's largest refiner, plans to relocate its Dubai crude oil trading team back to Mumbai by year-end after securing long-term oil supplies from Russia, reducing the need for spot purchases. The company, which previously moved its team to Dubai in 2022, will maintain its product trading team in Dubai and expand its London operations. Reliance currently has about 20 crude traders in Dubai and has a significant refining capacity in India.

October 25, 2024
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