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Venezuela seeks to double oil exports to India

Reuters  |  NEW DELHI 

By Nidhi Verma and Sudarshan VaradhanNEW DELHI (Reuters) - Venezuela wants to double its oil sales to India and is open to barter payment arrangements with the world's third biggest crude consumer, Venezuelan Oil Minister Manuel Quevedo said on Monday.Caracas, which buys medicines and other products from India, is looking for alternative payment methods after the United States imposed stringent sanctions on Venezuela's state oil firm PDVSA in a bid to push out President Nicolas Maduro."The relationships with India will continue, the trade will continue," Quevedo said, adding that Venezuela ...

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First Published: Mon, February 11 2019. 20:54 IST