By Nidhi Verma and Promit Mukherjee
NEW DELHI (Reuters) - Venezuela hopes to create a trade bloc consisting of China, India and Russia to help the South American country settle oil payments in currencies other than the dollar, its oil minister said on Tuesday.
The strife-torn country is looking for alternative payment methods to keep oil flowing to India, a crucial export market, especially after the United States imposed sanctions curbing the OPEC member's crude exports to the United States.
"We are certainly not going to inform (regarding how we plan to do business) those who want to destroy our oil industry," he said on the sidelines of India's biennial Petrotech Conference.
(Editing by Sudarshan Varadhan and Jason Neely)
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