ReferIndia News US Control Of Venezuelan Oil May Unlock $1 Billion Stuck Dues For India, Lift Output

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US Control Of Venezuelan Oil May Unlock $1 Billion Stuck Dues For India, Lift Output

Published on: Jan. 4, 2026, 3:23 p.m. | Source: NDTV Profit

A US-led takeover or restructuring of Venezuela's oil sector could deliver a direct benefit to India, potentially unlocking close to $1 billion in long-pending dues while accelerating the revival of crude production from fields it operates in the sanctions-hit Latin American nation, analysts and industry sources said.

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