US EditionIndia to Buy Venezuelan Oil Instead of Iranian Crude, Trump Says
Trump said India will buy Venezuelan oil instead of Iranian crude to reduce Russian oil imports, part of a U.S. strategy affecting global energy markets, Reuters reported.
- On Saturday, U.S. President Donald Trump said India will buy Venezuelan crude instead of Iranian oil while speaking to reporters aboard Air Force One during his flight from Washington to Florida.
- Last month, Venezuelan legislators passed a law easing foreign participation in the oil sector, while the U.S. imposed 25% tariffs last year on countries buying Venezuelan oil, including India.
- U.S. officials have been urging New Delhi to consider Venezuelan crude as Russian imports decline, aiming to reduce revenue to Moscow funding Russia's war, while Trump invited China to strike a deal.
- The comments followed U.S. signals to New Delhi that it could soon resume purchases of Venezuelan crude, and Trump reiterated, `We've already made that deal, the concept of the deal.`
- National Assembly leader Jorge Rodríguez said reforms will boost the energy sector and promote undeveloped fields, while Venezuela’s vast proven reserves and U.S. signals since President Nicolás Maduro’s capture could attract American firms.
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US President Donald Trump said on Saturday, Air Force One, that the United States is in favour of China and India's investments in Venezuela's oil industry, he transmitted Bloomberg.
Iran apparently loses an important source of income. According to Donald Trump, India no longer obtains oil from the Islamic Republic. The US President's intervention in the Venezuelan oil industry seems to bear fruit.
Trump says India will buy oil from Venezuela instead of Iran
United States President Donald Trump said on Saturday that India will buy oil from Venezuela instead of Iran, Reuters reported.“We’ve already made that deal, the concept of the deal,” he told reporters.The Ministry of External Affairs has not yet commented on the matter.Trump said that China was also “welcome” to make a deal with the US on purchasing oil.Trump says India will be buying Venezuela's oil as 'opposed' to Iran oil. "We've already mad…
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