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First modification: 02/20/2026 - 15:43 Last modification: 02/20/2026 - 15:53
Washington is in talks with New Delhi to participate in the diversification of its oil sources, after having pressured it to stop buying crude from Russia, under threats of punitive tariffs. Meanwhile, the interim government of Delcy Rodríguez says it is receiving visits from investors interested in reactivating the industry.
The United States ambassador to India, Sergio Gor, revealed this Friday, February 20, that his country is in "active negotiations" about the sale of Venezuelan oil to India, to "help this country diversify its crude oil sources."
The White House has been conditioning the reduction of tariffs on products imported from India to the search for its new oil suppliers, specifically, to the suspension of purchases from Russia which, according to the United States, finances the invasion of Ukraine in this way.
India is the third largest importer and consumer of oil in the world and Washington put pressure on its relationship with Moscow by imposing an additional 25% tax on the entry of its products into the United States.
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Following a provisional trade agreement signed weeks ago, the Trump Administration agreed to reduce the tariff on Indian products to 18%. It also removed the punitive levy after India agreed to end the purchase of Russian oil.
"The Department of Energy is in talks with the Ministry of Energy here, so we hope to have news on this very soon," Gor told reporters on the sidelines of an event in New Delhi.
The United States and its allies imposed sanctions on the Russian energy sector after the Russian invasion in 2022. Since then, India became the main customer of Russian seaborne crude oil, which it purchased at lower prices.
Greater investment expected in Venezuela
The president in charge of Venezuela, Delcy Rodríguez, said on Thursday that she had received "international visits" from investors interested in the hydrocarbon sector and other areas.
Weeks before, he had sanctioned a reform to the oil law that allows foreign and private investment in the production area in sectors such as hydrocarbons, mining and agroindustry.
The President of the United States, Donald Trump, spoke simultaneously from Georgia, where he revealed that “we have 50 million barrels of oil that are currently floating in excellent condition on huge ships to Houston, where it is processed and will be very beneficial for Venezuela.”
With Reuters and EFE
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