India Becomes Biggest Buyer of Venezuelan Oil After US Sanctions – Reports

[GeraltofRivia]

17:31 18.02.2019

NEW DELHI (Sputnik) - India has emerged as Venezuela’s biggest crude buyer in February after US imposed sanctions on Latin American nation’s oil giant PDVSA, NDTV news channel reported.

India has been importing 620,000 barrels of Venezuelan crude oil a day since early February, up 66 percent from the previous month, the NDTV news channel reported.

Overall Venezuelan exports fell to 1.1 million barrels a day this month, or 9.2 percent since January when Venezuelan oil shipments to the United States were called off in the wake of the sanctions.

The United States blocked around $7 billion in assets belonging to Venezuela's state oil firm PDVSA and began transferring control over them to Venezuelan opposition leader Juan Guaido, who on January 23 proclaimed himself as Venezuela’s interim president.

Venezuelan President Nicolas Maduro, backed by China, Mexico and Russia, accused Guaido of acting at the instructions of the United States and claimed that Washington was plotting together with the opponents of his government to overthrow him and get hold of Venezuela’s oil assets.
https://www.sputniknews.com/amp/business/201902181072536088-india-venezuela-oil/

 

[Chakar The Great]

Stabbing in the back is what India is known for. Nobody trusts them.

When international community sanctions Iran , India buys oil, when they sanction Venezuela they buy oil from them. India should be put under sanctions.

 

[Nilgiri]

Stabbing in the back is what India is known for. Nobody trusts them.

When international community sanctions Iran , India buys oil, when they sanction Venezuela they buy oil from them. India should be put under sanctions.

Gonna repeat that sentence for China and Russia now?

@SubWater @SOHEIL @Hack-Hook @scorpionx @Tshering22 @Tokhme khar @Serpentine @Surenas @vostok @Genesis

 

[GeraltofRivia]

India is clearly taking an independent and strong stance in term of buying oil from Venezuela. With its growing demand for oil, protecting its energy security will play a key role in its foreign relations.

Despite the fact that it is looking after its own interest, India provides a much needed support to Russia and China in this front.

 

[SOHEIL]

Stabbing in the back is what India is known for. Nobody trusts them.

When international community sanctions Iran , India buys oil, when they sanction Venezuela they buy oil from them. India should be put under sanctions.

Trust my ***