India is open to exploring the commercial merits of any crude supply options, including any from Venezuela, the external affairs ministry said on Thursday. Goyal added that a formal agreement was being drafted, which might take a month or a month and a half. On Venezuelan oil, Jaiswal added: “It has been a longstanding partner for us in the area of energy, both on the trade side as also on the investment side. We were importing crude oil from Venezuela till 2019-20, and thereafter we had to stop. "Again we started buying oil from Venezuela in 2023-24 but had to stop because of re-imposition of sanctions.

Source: The Telegraph February 06, 2026 01:24 UTC