Marco Rubio to visit Indian billionaire Ambani's refinery in Gujarat as U.S. diesel prices surge
Not only is Ambani's Reliance investing in a U.S. refinery and buying Venezuelan oil, but its strong ability to supply diesel has put Jamnagar on the map during Rubio's visit.
TL;DR
- U.S. Secretary of State Marco Rubio is scheduled to visit the Jamnagar oil refinery in India, owned by Reliance Industries.
- The visit occurs as U.S. diesel prices are at record highs ahead of the midterm elections.
- The Trump administration is seeking ways to increase fuel availability, with Reliance's refinery capacity being a key focus.
- Reliance is investing in a U.S. refinery and is a significant buyer of Venezuelan oil.
- Rubio's trip aims to promote commercial investment and economic cooperation, with a specific mention of Reliance's Texas refinery project.