Bigger India
Venezuela Turns To India As Sanctions Cut Oil Flow To U.S., Europe
The South American nation is turning its focus to cash-paying buyers, especially in India, its second-largest customer after the US.
Venezuela’s oil exports have tapered off and shifted toward India since new U.S. sanctions began January 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions.
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