NEW DELHI : India wants to diversify its oil imports, including the resumption of supplies from Iran and Venezuela, after US President-elect Joe Biden takes office, Oil Minister Dharmendra Pradhan said on Wednesday.
India was the key buyer of Iranian and Venezuelan oil before slashing purchases after President Donald Trump imposed unilateral sanctions on the two OPEC-members since taking office in 2017.
“As a buyer I would like to have more buying places. I should have more destinations to go for purchasing (oil),” Pradhan said in response to a question if he wants the Biden administration to relax sanctions on Iran and Venezuela.
