Mukesh Ambani-led Reliance Industries denies buying Iranian oil, calls reports 'baseless'

Reliance Industries has denied media reports alleging that it purchased crude oil of Iranian origin, calling the claims "baseless" and misleading.

In a statement issued in response to the reports, the company said, "Reliance Industries Limited categorically rejects recent media reports that the company has purchased crude oil of Iranian origin. These reports are baseless leading to misleading and incorrect claims."

The clarification comes amid heightened scrutiny of global crude sourcing and after Reuters reported that Reliance purchased 5 million barrels of Iranian crude, days after the US temporarily removed sanctions on the oil, according to sources familiar with the matter.


RIL also urged caution in reporting, stating, "We urge the concerned media outlets to verify facts before publication."