Venezuela to increase oil sales to India on a 15-year supply contract

Thursday, September 27th 2012 - 18:20 UTC

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Venezuela will hike the amount of oil it is sending to India's Reliance Industries and signed a new 15-year supply contract with the company, Oil Minister Rafael Ramirez announced this week. Read full article

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British_Kirchnerist
Good example of South-South trade, and the pro-US clown Capriles won't be able to hold it up =)
Sep 28th, 2012 - 12:13 am - Link - Report abuse 0
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GeoffWard2
With finite oil, and more going to China and India (and Argentina), less will go to the USA. This could be bad for Venezuela, or good in terms of diversity of trade and competitive prices.
It will, of course, mean that VE becomes progressively 'bought up' by Asia rather than The Americas.
But, hey, it's a globalised world, so 'why not?'
Sep 29th, 2012 - 08:04 am - Link - Report abuse 0
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