Reliance Industries Ltd, the operator of the world’s largest refining complex, is restructuring its trading operations by relocating most of its Dubai crude oil trading team back to Mumbai by the end of this year,

India's Reliance Industries Ltd, operator of the world's biggest refining complex, is restructuring its trading operations, including moving most of its Dubai crude oil trading team back to Mumbai, two sources familiar with the plan said.

A source, speaking on the condition of anonymity, revealed that the company plans to return by the end of this year after securing long-term oil supplies from Russia, which would reduce the need to purchase spot cargoes.

Reliance Industries Ltd relocates crude trading team from Dubai to Mumbai, restructuring trading operations for efficiency.

Reliance Industries is relocating its Dubai-based crude trading team back to India as part of a global trade adjustment, following the establishment of long-term oil supplies from Russia. This move, expected to be completed by year-end,

In 2021, Reliance, controlled by billionaire Mukesh Ambani, announced the opening of an office in UAE to trade oil and refined fuels including petrochemicals