RIL ONGC and others may benefit from US takeover of Venezuela’s oil assets
- Posted on January 5, 2026
- By Financial Express
- 3 Views
RIL ONGC and others may benefit from US takeover of Venezuela’s oil assets
Prashant Vasisht, senior vice president and co-head, Corporate Ratings, ICRA said that Venezuelan crudes are heavy and sour and therefore cheaper and accordingly any lifting of sanctions could open an avenue to purchase cheaper crude for Indian refiners, many of whom can process these types of crudes.
