How may President Nicolas Maduro's capture and regime change in Venezuela impact India? Though India drastically reduced its crude imports from Venezuela after the US imposed economic sanctions on Venezuela, the economic relations are not over. Venezuela crude oil and IndiaVenezuela was the seventh largest source of crude oil for India in 2012, when it became the biggest Asian oil importer of the country. Petrolera IndoVenezolana SA was established for the exploration and extraction of crude oil in the San Cristóbal field. Besides, normal bilateral trade may resume and India may import crude oil from Venezuela.

Source: dna January 04, 2026 12:03 UTC