Sun Jan 04 08:10:02 UTC 2026: Here’s a summary of the text and a rewrite as a news article:

Summary:

A recent U.S. military strike on Venezuela is unlikely to significantly impact India’s energy security. India’s oil imports from Venezuela have already been reduced due to existing U.S. sanctions and low trade volumes. Experts believe the geographical distance and current sanctions constraints mean that events in Venezuela will have a negligible effect on India’s economy or energy supply. Venezuela’s oil production is relatively low, and most of it goes to China due to U.S. sanctions. Following the attack, the U.S. announced plans to take over Venezuela’s oil supply and rebuild its infrastructure, funded directly by oil companies.

News Article:

U.S. Action in Venezuela Seen to Have Minimal Impact on India’s Energy Security

New Delhi (January 4, 2026) – Despite recent U.S. military actions in Venezuela and subsequent announcements of a U.S. takeover of its oil supply, experts predict a negligible direct impact on India’s energy security.

Data from the Ministry of Commerce and Industry reveals that India imported $255.3 million worth of oil from Venezuela in the current financial year up to November 2025. This represents only approximately 0.3% of India’s total oil imports for the period.

India has been steadily decreasing its commercial engagement with Venezuela since 2019, in response to U.S. sanctions and threats of secondary sanctions. “Given the low trade volumes, existing sanctions constraints, and the large geographical distance, the current developments in Venezuela are not expected to have any meaningful impact on India’s economy or energy security,” stated Ajay Srivastava, founder of the Global Trade Research Initiative and former Director General of Foreign Trade.

While Venezuela is a member of OPEC, its current oil production is relatively small, accounting for about 3.5% of OPEC’s total oil exports and around 1% of global oil supplies. This reduced output is largely attributed to existing U.S. sanctions, diverting most of Venezuela’s oil supply to China.

Following the U.S. attack, President Trump announced plans for the U.S. to take control of Venezuela’s oil supply and invest billions in rebuilding its oil infrastructure, with funding coming directly from oil companies.

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