Venezuela Crisis and Impact on India’s Energy Security
The US Government on January 29 imposed sanctions on Petroleos de Venezuela, in a bid to force Venezuela’s President Nicolas Maduro to cede power to the opposition leader Juan Guaido, who declared himself interim president recently. This move, which essentially translates to an oil ban, is expected to complicate the global oil supply mix and perhaps even push up oil prices.
Threat to India’s Energy Security
- India is the world’s third largest oil importer.
- India imports over 80% of its oil requirements.
- Any hike in global oil price will inflate the import bill and disrupt ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Golden Dome
- 2 Operation Gideon’s Chariots
- 3 USTR Special 301 Report Flags India’s IP Challenges
- 4 India-Belgium: Boosting Trade and Strategic Investments
- 5 India and Denmark Renew MoU on Clean Energy Cooperation
- 6 India Assumes APO Chairmanship for 2025–26
- 7 UK Transfers Sovereignty of Chagos Islands to Mauritius
- 8 US-Ukrainian Deal Grants Preferential Mineral Access to US
- 9 Algeria Joins New Development Bank
- 10 Nicaragua Withdraws from UNESCO
- 1 China Outreach to Bhutan and Challenge to India
- 2 UNSC Debates Impact of Climate Change on Peace, Security
- 3 India-France Operationalise Logistics Support Agreement
- 4 India to Participate in PISA
- 5 Swap Facility for SAARC Nations
- 6 FATF Puts Pakistan, Lanka, Nine Others in Deficiencies list
- 7 Talent Competitiveness Index
- 8 Corruption Perception Index
