Motilal Oswal
    NIFTY 50
Motilal Oswal

Venezuela seeks to double oil exports to India

Updated : February 11, 2019 10:35 PM IST

Caracas, which buys medicines and other products from India, is looking for alternative payment methods after the United States imposed stringent sanctions onVenezuela's state oil firm PDVSA in a bid to push out President Nicolas Maduro.
The minister, who said Caracas was open to barter arrangements but did not give details, told reporters during a conference that Venezuela aimed to double oil supplies to India from 300,000 barrels per day (bpd) now.
Venezuela seeks to double oil exports to India
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