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India Reemerges as Venezuelan Oil Buyer as US Sanctions Ease

India Reemerges as Venezuelan Oil Buyer as US Sanctions Ease
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India shows some reliance on Venezuelan oil after 3-year hiatus as US sanctions ease

India plans to resume importing Venezuelan oil after a three-year pause, seizing the opportunity presented by eased US sanctions on the South American nation. Reliance Industries Ltd has booked two supertankers, C. Earnest and C. Genuine, along with Very Large Crude Carrier Eucaly, potentially holding a total of 6 million barrels.

India re-emerges as Venezuelan oil buyer as US sanctions ease

India is set to restart imports of Venezuelan oil after a three-year hiatus, according to brokers and shipping fixtures, as it rushes to take advantage of a US move to ease sanctions on the South American nation.

India shows some reliance on Venezuelan oil after 3-year hiatus as US sanctions ease

India plans to resume importing Venezuelan oil after a three-year pause, seizing the opportunity presented by eased US sanctions on the South American nation. Reliance Industries Ltd has booked two supertankers, C. Earnest and C. Genuine, along with Very Large Crude Carrier Eucaly, potentially holding a total of 6 million barrels.

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