Direct access to discounted Venezuelan heavy crude reopens a feedstock option that is well-matched to Reliance’s Jamnagar configuration, improving margin and crude-sourcing flexibility versus relying on intermediaries. The licence reduces transaction friction and counterparty risk versus trader-routed barrels, which can tighten delivery timelines and pricing. For Indian refiners, the move signals a wider, US-permitted channel for Venezuelan supply that can displace other heavy grades in procurement plans and shift near-term import economics.