US Seizes Maduro, Venezuela Oil: India Eyes $1 Billion Benefit & Production Boost

• US forces attacked Caracas, capturing Venezuelan President Nicolas Maduro and his wife, taking them to New York.
• Analysts predict US control over Venezuela's oil reserves could benefit India by $1 billion in pending dues.
• ONGC Videsh Limited (OVL) could significantly increase crude oil production from its San Cristobal field if US sanctions ease.
• Indian refineries are equipped to process heavy Venezuelan crude, potentially stabilizing global oil prices.
• India expressed deep concern, urged peaceful resolution, and advised citizens to avoid non-essential travel to Venezuela.

Why It Matters: US action in Venezuela could unlock $1 billion for India and boost its oil production capabilities.