Venezuela crisis: US grip on oil could help India recover $1 billion dues; stalled output may be revived
A US-led takeover or restructuring of Venezuela’s oil sector could bring a major financial and strategic gain for India, potentially helping recover nearly $1 billion in long-pending payments and restarting crude production from oilfields operated by Indian firms, according to analysts and industry sources.India was once among the largest buyers of Venezuelan heavy crude, importing…