Venezuela is in talks with oil consuming countries like India to find ways beyond the dollar to foot the bill for crude oil purchases.
“We are talking about commercial trade and commercial exchange, we are not talking about barter. How payment is made is for the buyer and seller to decide. It can be in currency, it can be through other transferable methods and channels,” Venezuela’s Minister of Petroleum, Manuel Quevedo, told reporters on the sidelines of Petrotech-2019.