India strengthens energy ties with Venezuela
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India, Venezuela and oil minister
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Venezuela’s Acting President Delcy Rodrigue to Visit Puttaparthi, Pay Homage to Sathya Sai Baba
Venezuela’s acting President Delcy Rodriguez will visit Puttaparthi to pay homage to Sri Sathya Sai Baba, reflecting the spiritual leader’s global following, including a strong base of devotees in Venezuela.
Much of its reserves are located in the Orinoco Belt and consist of heavy crude. Unlike the lighter crude found in many Middle Eastern fields, heavy oil is more expensive and technically challenging to produce and refine.
Venezuela has revised a proposed contract for energy companies to work in the nation’s oil fields after drillers complained the initial draft gave too much leverage to Caracas and was out of sync with US license rules.
Venezuela's ruling party is facing internal divisions after 27 years of unity. The government, once tightly aligned under the ideology of the late President Hugo Chávez, is now showing cracks.