US control of Venezuelan oil may unlock $1 bn stuck dues for India, lift output
India was once a major processor of Venezuelan heavy crude, importing more than 4 lakh barrels per day at peak levels, until sweeping US sanctions and rising compliance risks forcibly shut down purchases in 2020.
India was once a major processor of Venezuelan heavy crude, importing more than 4 lakh barrels per day at peak levels, until sweeping US sanctions and rising compliance risks forcibly shut down purchases in 2020.
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