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Vitol and Trafigura had been granted U.S. licences to promote Venezuelan oil following final month’s U.S. military operation to capture President Nicolas Maduro. IOC earlier processed Merey crude at its Paradip refinery in Odisha. In January, HPCL had indicated it was seeking Venezuelan crude for its 300,000 barrels-per-day refinery in Visakhapatnam, Andhra Pradesh, which was just lately upgraded to deal with heavier grades. IOC, the country’s largest refiner, had previously processed Venezuelan oil in 2024, according to information compiled by Reuters.
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Essential maritime and offshore information, insights, and updates delivered daily straight to your inbox Treasury officials say the goal is to cut off income streams tied to sanctioned oil exports and to raise the risks for insurers, merchants, and service suppliers that proceed to support shadow-fleet operations. According to maritime intelligence agency TankerTrackers.com, the vessel departed Venezuela on January three working under the alias Cape Balder and partially laden with crude oil. U.S. forces have intercepted and boarded the sanctioned crude oil tanker Aquila II in the Indian Ocean, bringing to a detailed a weeks-long pursuit that started in the Caribbean and spanned greater than 10,000 nautical miles. The TOI Business Desk is a vigilant and dedicated group of journalists dedicated to delivering the most recent and most relevant enterprise information from around the globe to readers of The Instances of India.
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Sunrisers Hyderabad end as runners-up of IPL 2024, dropping to KKR within the last of IPL 2024. His RCB teammate Dinesh Karthik spills the secrets to Kohli’s success, on Cricbuzz Live In Opposition To one of the most balanced groups in IPL historical past, Pat Cummins & Co. needed to produce another on-the-edge performance. KKR were the best batting group of the season, but their third IPL title rests also on clockwork bowling synchronisation After a participant of the match-winning performance within the IPL 2024 final, the left-arm fast instructed he may contemplate his ODI cricket future to play more franchise T20 cricket
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