US Seeks to Sell Venezuelan Oil to India; Scale of Possible Purchases Uncertain
The Trump administration is reportedly looking to sell Venezuelan crude oil to India. India's refining capacity is seen by the US as a key attraction for such sales. Replacing Russian supplies on a large scale, however, would not be simple. Factors such as refinery compatibility, pricing, shipping costs and commercial viability will determine whether Indian refiners buy more Venezuelan oil. The report raises the question of how much Venezuelan crude India can realistically purchase.
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