Mint Quick Edit | America’s ouster of Venezuela’s Maduro regime has oil spillovers that India can’t ignore
While Maduro’s electoral legitimacy was dubious, the US use of force looks like a blatant violation of international law. India’s state-run ONGC Videsh Ltd (OVL) holds a big stake in an oil field in Venezuela’s Orinoco basin, apart from other interests. These partnerships and our on-and-off crude imports from there have been under a shadow of US sanctions, but 2026 has spelt far greater uncertainty.
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