The Economic Times

India open to Venezuela oil imports subject to commercial viability: MEA spokesperson Randhir Jaiswal

India is open to sourcing crude oil from Venezuela and other nations. This decision hinges on commercial viability. Venezuela has been a long-term energy partner for India. Imports were halted in 2019-20 but resumed in 2023-24. Sanctions led to a subsequent halt. Indian public sector undertakings maintain partnerships in Venezuela. India assesses all crude availability on commercial grounds.