India-US trade deal, Feb. 3 -- India could have a major advantage compared to many other countries when purchasing Venezuelan oil as part of the likely India-United States trade deal due to our ability to process the heavy grade crude, according to NSE CEO and MD Ashish Chauhan.

Speaking to ANI on 3 January on the trade deal and tariffs cut announced by US President Donald Trump, the executive noted that India has an edge over many other countries.

Explaining why, Chauhan noted that Venezuelan oil is among the heaviest or "un-processable crude" in the world. He added, "Most of the old and small refineries across the world are not able to manage processing it (Venezuelan crude)."

On how India benefits, Chauhan said this was two-fold: "I...