Open to exploring merits of new crude supply option: Centre on Trump's claim
India Today
Open to exploring commercial merits of any new crude supply option, including Venezuela: Govt on Trump's claim
India on Thursday clarified its position on crude oil sourcing amid claims by US President Donald Trump and stated that it is open to evaluate the commercial merits of any new supply option, including Venezuelan crude, while pointing out that energy policy decisions are guided by market realities and national energy security needs.
"As far as Venezuela is concerned, it has been a long-standing partner for us in the area of energy, both on the trade side and also on the investment side. We were importing energy and crude oil from Venezuela until 2019-20, after which we had to stop. Again, we began buying oil from Venezuela in 2023-24 but had to stop after sanctions were reimposed... Consistent with our approach to energy security, India remains open to exploring the commercial merits of any crude supply, including from Venezuela," Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said in a press briefing.
The remarks came days after Trump claimed that India has agreed to import Venezuelan oil instead of purchasing crude from Iran.
"We have already made a deal. India is coming in, and they are going to be buying Venezuelan oil as opposed to buying it from Iran. So, we have already made the concept of the deal," Trump had said earlier this week.
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