The Trump administration in the United States is open to allowing India to buy Venezuelan crude oil under a new framework overseen by Washington, according to U.S. officials. This move follows a recent agreement between Caracas and Washington to export up to $2 billion worth of Venezuelan crude — roughly 30–50 million barrels — to the United States.
Under the proposed arrangement, oil sales to India would take place within a U.S.-controlled system designed to ensure compliance with sanctions and proper handling of revenue. U.S. energy officials have said funds from these sales would be managed to benefit the Venezuelan people and avoid corruption.
Before American sanctions were imposed, India was one of Venezuela’s major crude buyers. Renewed access under the new framework could help New Delhi diversify its energy imports as demand continues to grow. Venezuela holds the world’s largest proven oil reserves, while India remains one of the fastest‑growing energy consumers and relies heavily on oil imports.
