US–Venezuela Conflict: Caracas Oil Revamp May Help India Recover $1 Billion
Last Updated:January 04, 2026, 4:32 PM IST US-backed restructuring of Venezuela’s oil sector could help India recover USD 1 billion dues, revive ONGC Videsh Ltd’s San Cristobal field. A Trump administration–backed reset of Venezuela’s oil sector could help India recover nearly $1 billion in long-pending dues. A possible US-backed restructuring of Venezuela’s oil industry could…