Trump admin wants to sell Venezuela oil to India, but how much can it buy?
India’s attraction for the US lies in its sophisticated refining capacity. However, replacing Russian supplies on a significant scale is not straightforward: refinery compatibility, prices, shipping costs and commercial viability will influence whether Indian refiners buy more Venezuelan oil. How much Venezuelan crude can India realistically buy?
Key Takeaways
- India’s attraction for the US lies in its sophisticated refining capacity.
- However, replacing Russian supplies on a significant scale is not straightforward: refinery compatibility, prices, shipping costs and commercial viability will influence whether Indian refiners buy more Venezuelan oil.
- How much Venezuelan crude can India realistically buy?
India’s attraction for the US lies in its sophisticated refining capacity. However, replacing Russian supplies on a significant scale is not straightforward: refinery compatibility, prices, shipping costs and commercial viability will influence whether Indian refiners buy more Venezuelan oil. How much Venezuelan crude can India realistically buy?
Original Publisher Attribution
This summary was curated from Times of India.