IOCL Chairman Says Refineries Can Process Venezuelan Crude

The head of Indian Oil Corporation, A S Sahney, said that Indian refineries can process Venezuelan crude oil if it becomes available.

He mentioned that Indian Oil has processed Venezuelan crude before and can do so again in a mixed form.

Sahney also talked about how stable global crude oil prices and India's strong economic growth are good for both oil producers and consumers.

He highlighted that India imports most of its crude oil and that the current prices are supportive of economic stability.

Sahney also discussed the importance of improving efficiency and reducing costs in the energy sector.

The World Economic Forum, where he spoke, is a big event with leaders from around the world discussing important global issues.