John Bolton, America’s adviser for National Security, alerted other countries as well as India over purchasing Venezuelan oil.
The US forced to curb Venezuela’s exports of Crude Oil.
Venezuela is ranked as the third largest producer of oil to India.
John Bolton, America’s adviser for National Security, alerted other countries as well as India over purchasing Venezuelan oil.
Latin America oil company’s President and Venezuelan oil Minister Manuel Quevedo said he wants to sell crude oil to India more.
The US forced to curb Venezuela’s exports of crude oil and pressurized President Madura to step back.
Venezuela is ranked as the third largest producer of oil to India and India is the third largest consumer of oil.
Venezuela’s capacity is 1.57 million barrels every day, half of what was produced two decades earlier.
While the US is leaving no stone unturned to halt the imports from Venezuela PDVSA seeks to retain consumers of China and India.
Venezuela’s oil revenue economy also bore a loss of USD 20 billion.
Relations of the US with Venezuela was bitter before Trump administration came to oppose leader Juan Guido as interim President.
According to a UN report, three million people left Venezuela in 2014 after the worsening of the economy.
