I wish the Indians good luck with that.Socialists never pay their bills.
Are the Indians going to front them the money to get it out of the ground and then process it?
This is the same problem China has, being paid with oil in the ground. And not much way to get it out of the ground since they have neglected their oil infrastructure.
At first I thought the drugs were coming from Venezuela (as in cocaine) but then I read further (or is it farther?).
Venezuela has been around a very long time to be considered an emerging economy. Of course, being a “neutral” towards communism in the Cold War, India’s appreciation for socialism’s fake prosperity is understandable.
It’s sour, heavy crude and will have to be sent to a US refinery.
This is what happens when you destroy your monetary system by exchange controls.