Politics
India sees Venezuelan oil ‘opportunity’ as Rodriguez meets Modi
NEW DELHI, India: Indian Prime Minister Narendra Modi received Venezuela’s interim president, Delcy Rodriguez, on Thursday for talks aimed at boosting trade between the oil exporter and his energy-hungry country.
The Foreign Ministry in New Delhi said India saw Venezuela’s vast oil reserves as an “opportunity”, saying the country had already become a major source of crude. Rodriguez has ruled Venezuela, which accounts for about 17% of the world’s crude reserves, since January, when U.S. forces captured former socialist President Nicolas Maduro. She was given a red carpet welcome and shook hands with Modi outside New Delhi’s sprawling Hyderabad House before the talks began.
Modi later said he was “happy” to have met the Venezuelan leader. “We held in-depth discussions on expanding our cooperation in the areas of energy, critical minerals, technology, agriculture, health and people-to-people ties,” he said in an article on X.
“As a valued partner in Latin America, our close cooperation with Venezuela is of immense importance to the South. Rodriguez, speaking after landing Wednesday, said she expected “very fruitful” discussions.
Rodriguez’s visit comes as India, the world’s third-largest oil importer, accelerates its purchases of Venezuelan crude to offset supply disruptions linked to the war in the Middle East.
“The government… is actively seeking new sources of crude oil and energy to ensure India’s energy security,” Rudrendra Tandon, a senior Indian foreign ministry official, told reporters after the meeting. “So Venezuela is an opportunity and that is an integral part of our plan. »
India normally sources about half of its crude through the Strait of Hormuz. But Iran has restricted shipping through the strait – which normally carries about a fifth of the world’s shipments of oil and liquefied natural gas – since the United States and Israel launched attacks on February 28.
“Naturally, today’s discussions focused on creating an energy partnership,” Tandon said.
“In the energy sector we see perfect complementarity… In fact, in our spot purchases, Venezuela has already become the third supplier this month.” India, the world’s fastest growing major economy, is reeling from the global energy shock triggered by the war in Iran.
High global crude prices are driving up India’s import bill, threatening to fuel inflation and widen its current account deficit to a 14-year high, while putting pressure on an already beleaguered rupee.
“Venezuela has one of the largest oil reserves in the world,” Tandon said. “The Indian economy is a large and growing consumer of oil and will experience stable demand growth for many years to come. » -AFP
|
Sources 2/ https://kuwaittimes.com/article/44474/business/india-sees-venezuelan-oil-opportunity-as-rodriguez-meets-modi/ The mention sources can contact us to remove/changing this article |
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
 |
 |
 |