US Secretary of State to Meet Reliance Industries on Venezuelan Oil Prospects

The United States Secretary of State will meet representatives of Reliance Industries to discuss possible involvement in Venezuela's oil sector. The talks are aimed at assessing how the Indian conglomerate could participate in projects that Venezuela hopes will revive its ailing oil output. Reliance, which has been expanding its energy portfolio, sees the dialogue as a chance to secure new sources of crude. Both sides noted that any future collaboration would have to comply with existing US sanctions and Venezuelan regulatory requirements, and no specific financial terms were disclosed.