Bigger India
Venezuela Oil Czar Courts India After $20 Billion Hit From US
India is set to emerge as Venezuela’s preferred customer due to the nation’s willingness to pay for crude in cash, as opposed to sales to China that are supplied via oil-for-loans agreements.
Venezuela’s oil minister made a surprise appearance at an energy event in India, as the embattled OPEC producer seeks closer ties with major crude customers in the face of crippling U.S. sanctions.