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Lowest import of oil by India from Venezuela since 2012 category
March 15, 2018

Lowest import of oil by India from Venezuela since 2012

According to the data by shipping sources and industry, Indian imports of oil from Venezuela have fallen to its lowest over the past five years. The import is at its lowest since 2012. “Venezuela which is crippled by lack of hard currency and recession is obliged to supply barrels to China and Russia to pay back debts”, says Ehsan Ul-Haq, Director of Crude Oil and Refined Products

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