South-South Cooperation: India to increase crude import from Brazil

To meet its growing energy needs, India is keen to increase its crude imports from the South American nation Brazil. In fact, when the leaders of India and Brazil meet in New Delhi next month this will be on the agenda of talks.

Due to the US sanctions on Venezuela and Iran and the attack on the Saudi Oil Refinery, Indian companies have been exploring different markets including options for increasing its imports from Brazil for country’s energy security.