Surprise Petro offer from Venezuela to India

According to the news in the Business Standard, Venezuela offered a 30 percent discount to India on the condition of using Petro in crude oil purchases. The world’s first government-backed cryptocurrency tied to its reserves. Many people consider the Petro the safest cryptocurrency as Venezuela has the world’s largest oil reserves.

A team of experts from Venezuela’s Blockchain department was in India last month.. They signed an agreement with Coinsecure, a Delhi-based cryptocurrency exchange, to sell Petro in India. said it offers at least 30 percent discount. “They go to different countries and make offers,” Kalra said.. Their offer to the Indian government was: 30 percent discount on oil purchases with Petro.”

Reports show that India’s oil imports from Venezuela averaged 300,000 barrels per day between November 2017 and February 2018.

Petro, Venezuela, which will take place on May 20 It will be launched after the presidential elections in Turkey.

On the other hand, Venezuelan ministers and various officials attended a meeting held in Istanbul last week to introduce Petro to the Turkish business world.