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Venezuela turns to India for oil exports as U.S. sanctions bite


By Collin Eaton, Marianna Parraga and Gleb GorodyankinHOUSTON/MEXICO CITY/MOSCOW (Reuters) - Venezuelan oil company PDVSA is looking to double exports to India as U.S. sanctions hobble deliveries to the United States and Europe. The United States and most Western countries have recognized opposition leader Juan Guaido as Venezuela's head of state, but President Nicolas Maduro retains the backing of Russia and China as well as control of state institutions including the military.The country's oil exports since the sanctions took effect on Jan. 28 have fallen to 1.15 million barrels per ...

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First Published: Wed, February 13 2019. 15:16 IST