Reliance Industries has changed its crude oil sourcing strategy to deal with supply disruptions caused by tensions in the Gulf region. The company has reduced dependence on some Gulf shipments and increased purchases from other countries while also exploring alternate shipping routes.
These steps have helped Reliance maintain smooth operations at its Jamnagar refinery in Gujarat, one of the world’s largest refining complexes. The move comes as freight charges, insurance costs and crude prices remain volatile due to geopolitical uncertainty.
Analysts said Reliance’s flexible sourcing network has helped limit the impact of disruptions on refining operations and fuel supplies.