News Brief
Amid Strained India-Canada Ties, Reliance Makes Its First Canadian Oil Purchase From Trans Mountain Pipeline
Nayan Dwivedi
Apr 30, 2024, 12:31 PM | Updated 12:30 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
In a significant move amidst strained relations between India and Canada, Reliance Industries has made its first-ever oil purchase from Canada.
The purchase of 2 million barrels of Canadian crude from Shell for July delivery marks a historic milestone for Reliance and underscores the changing dynamics of global oil trade.
The timing of Reliance's purchase is noteworthy, coming at a time when diplomatic tensions between India and Canada have been heightened.
Recently, pro-Khalistan slogans were raised during a public event in Toronto, attended by Canadian Prime Minister Justin Trudeau and other leaders.
In a statement on Monday, the Ministry of External Affairs expressed deep concern and condemned the raising of separatist slogans at an event personally addressed by the Canadian Prime Minister.
Meanwhile, the oil purchase comes as part of a larger trend, with Asian refiners increasingly turning to Canadian oil, especially with the expansion of the Trans Mountain pipeline.
The pipeline's completion is set to significantly increase the flow of crude from Alberta to Canada's Pacific Coast, providing access to Asian and U.S. West Coast markets.
Shell will facilitate the transfer of the purchased crude onto a Very Large Crude Carrier for delivery to the Sikka port, where Reliance operates the world's largest refining complex.
Also Read: Government Mulls Telecom Patent Fund To Help Startups, SMEs Acquire Costly Patented Tech: Report
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Nayan Dwivedi is Staff Writer at Swarajya.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.