Feb 20 • 18:57 UTC 🇪🇨 Ecuador El Universo (ES)

United States negotiates with India to purchase Venezuelan oil

The United States is negotiating with India regarding the purchase of Venezuelan oil, as stated by the U.S. ambassador in New Delhi.

The United States has initiated negotiations with India concerning the purchase of Venezuelan oil, according to U.S. Ambassador to India, Sergio Gor. This development follows a significant shift in the geopolitical landscape, reshaped by sanctions imposed by the U.S. on Venezuela under former President Donald Trump, which had previously curtailed India's oil imports from the South American nation. The discussions reflect a renewed interest in securing oil supplies for India amidst its broader strategy to diversify its energy sources away from Russian imports.

Additionally, since the American military intervention that ousted Venezuelan leader Nicolás Maduro, there has been ongoing pressure on the current Venezuelan administration, led by Delcy Rodríguez, to allow private enterprises back into the oil sector. This situation has created a unique opportunity for India, which is exploring ways to stabilize its energy needs while negotiating for a tariff reduction in its trade with the United States. The outcome of these negotiations could significantly impact both countries' energy strategies and Venezuela's economy.

As these discussions unfold, the geopolitical implications are substantial, as they could lead to a shift in India's energy imports and its relations with both the U.S. and Venezuela. The increasing energy demands of India, coupled with the uncertain state of Venezuelan oil production, may redefine the dynamics of energy trading in the region. The potential for a U.S.-India agreement could also have broader implications for international relations in the context of global oil supply chains.

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