How India, one of Venezuela's last oil buyers, may react to US sanctions

India is the third-biggest buyer of Venezuelan oil, after the US and China. The US sanctions may provide private refiner Nayara Energy with an opportunity to get extra Venezuelan crude. That's because their advanced refining systems can process the thick Venezuelan grade into high-value fuels such as low-sulfur gasoline and jet fuel.

from Times of India http://bit.ly/2RVm4Qe