New Delhi, Jan 5 (IANS) The US capture of Venezuela’s President Nicholas Maduro and taking over its oil fields could lead to Indian refineries benefiting from imports of heavier Venezuelan barrels, which trade at a discount to Brent, boosting their gross refining margins, a report showed on Monday.The report from Choice Institutional Equities said that India previously imported up to 400 thousand barrels per day (KBD) of Venezuelan crude and that access to equipment and investments could be gr…
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New Delhi, Jan 3 (IANS) As several countries across the globe criticised the US military attack on Venezuela on Saturday, industry watchers said that India’s economic interests in the South American country are minimal and it is not dependent on Venezuela for oil. The bilateral trade between the nations was $1.175 billion in 2023-24, according to information available on the website of the Embassy of India in Caracas.The main items of India’s exports to Venezuela are mineral fuels and oils a…