The White House has said that it will allow India to buy oil from Venezuela through a new system which will be under the United States government, reported IANS. This follows comments by the Reliance Industries, which said it may look at purchasing Venezuelan oil in a “compliant manner”, according to Reuters. The Indian petroleum major had stated that it would consider such deals only if it is allowed to sell the oil to non-US buyers. US signals green light for India to buy Venezuelan oil When asked directly if the US would allow India to buy Venezuelan oil, a senior administration official told IANS, “Yes.” The official did not provide further details, saying the framework is still being finalised. This matters because India was once one of Venezuela’s biggest oil buyers before American sanctions cut off trade.