INSUBCONTINENT EXCLUSIVE:
said on Tuesday, citing Venezuela's oil minister.The Azeri ministry issued the statement on Tuesday following talks in Baku between
Azerbaijan's energy minister and Venezuelan oil minister and president of state-run oil company PDVSA, Manuel Quevedo."At the meeting
Quevedo said in order to prevent a sharp reduction, various measures are being implemented and diversification of the export market is
underway," the statement said."Russia and China are seen as the main destinations because of the suspension of oil exports to India," the
statement said.The Indian market has been crucial for Venezuela's economy because it has historically been the second-largest cash-paying
customer for the OPEC country's crude, behind the United States.Earlier this year, the United States imposed heavy sanctions on Venezuela's
oil industry and has pressed India to stop buying Venezuelan oil.OPEC and other oil ministers met in Baku in talks over the weekend that
ended on Monday.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on
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