03
Nov
Venezuela has one of the largest oil reserves and production from it at a large scale will have a huge effect on global oil prices which Hardeep Singh Puri said. Actually, India is the world’s third-biggest oil importer and consumer ships over 80% of its oil needs from overseas, and wants to reduce its expenses. It is also said by Mr Puri that Indian Oil and Reliance Industries have bought Venezuelan oil in the past. In reality, this deal can be very successful by seeing the increasing price of it globally and also it will benefit both nations. For any…