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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.

Updated on: Apr 11, 2006, 10:27:00 IST
None | By , Caracas (Venezuela)
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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.

HT Image
HT Image

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.

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