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Hania Humayun

Trump opens door to China, India in Venezuela oil as taxes drop to 15% from 33%

In January, shipments of Venezuelan crude to China fell to zero from prior averages, and on January 30 India’s Narendra Modi spoke with Acting President Delcy Rodríguez on energy cooperation. On Saturday, Donald Trump said he would welcome Chinese and Indian investment in Venezuela’s oil sector as Caracas cut extraction taxes to 15% from 33%.
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