India set to restart imports of Venezuelan oil as US sanctions ease
India is set to restart imports of Venezuelan oil after a three-year hiatus, according to brokers and shipping fixtures, as it rushes to take advantage of a US move to ease sanctions on the South American nation.
Private refiner Reliance Industries Ltd has booked two supertankers, C. Earnest and C. Genuine, which are scheduled to load crude cargoes from Venezuela between December to early January.
Another fixture showed Very Large Crude Carrier Eucaly was also hired to transport Venezuelan crude to India in early December, again for Reliance. Together, the three could hold up to 6 million barrels of crude.
