Venezuela sends 2-mn-barrel crude oil to India
Under Chavez, Venezuela has sought new markets for its crude, especially in rapidly growing Asian economies.india Updated: Apr 11, 2006 10:27 IST
Venezuela sent 2 million barrels of crude oil to India in April as the South American country expands its efforts to find new markets beyond the United States, its top buyer.
A tanker departed on April 5 for India's Sikka port carrying 1.3 million barrels of light-sour Mesa crude and 700,000 barrels of heavy Merey crude, state oil company Petroleos de Venezuela SA, or PDVSA, said in a statement on Tuesday.
PDVSA made a similar shipment in February.
Venezuela, the world's fifth largest oil exporter, plans to send 2 million barrels of oil monthly to India.
Under President Hugo Chavez, Venezuela has sought new markets for its crude, especially in rapidly growing Asian economies.