Marco Rubio calls India a 'refining superpower', says it is ready to process more Venezuelan oil
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- ✓US Secretary of State Marco Rubio said on Tuesday that India is a "refining superpower" ready to process more Venezuelan oil.
- ✓Speaking in Mumbai, Rubio noted that India has the capacity to handle heavy crude.
- ✓Both nations must now work through sanctions to help address global energy market supply disruptions.
Story at a Glance
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- MARKET
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- MoneyControl
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- 4 Minute(s)
- Market Focus
- India Economy
US Secretary of State Marco Rubio on Tuesday said India was willing to help process more Venezuelan crude oil as production from the South American country increases, although sanctions-related restrictions would need to be addressed. Speaking in Mumbai, Rubio described India as a "refining superpower" with the capacity to process heavy crude, according to news agency ANI. "India is a refining superpower. They have the capability to refine heavy crude. They've done so in the past, and I think as more and more Venezuelan oil comes online, it's something they can do," Rubio said.
#WATCH | Mumbai, Maharashtra: On being asked what role India can play in meeting the world's energy demand, US Secretary of State Marco Rubio says, "... India is a refining superpower. They have the capability to refine heavy crude. They've done so in the past, and I think as more and more Venezuelan oil comes online, it's something they can do.
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