Key facts
- India and Venezuela are discussing deeper energy ties.
- India is interested in sourcing crude oil from Venezuela.
- India is considering investments in Venezuela's oil sector.
- Talks occurred between acting Venezuelan President Delcy Rodríguez and Indian Prime Minister Narendra Modi.
- Union Minister Hardeep Singh Puri reaffirmed India's support for Venezuela's energy reconstruction.
India is exploring opportunities for enhanced energy cooperation with Venezuela, signaling interest in securing crude oil supplies and making investments within Venezuela's oil industry. This development follows a meeting between acting Venezuelan President Delcy Rodríguez and Indian Prime Minister Narendra Modi in New Delhi. Union Minister for Petroleum and Natural Gas Hardeep Singh Puri reaffirmed India's strong support for Venezuela's energy reconstruction, adding that Indian companies are ready to deepen their involvement. The discussions are part of India's broader strategy to diversify its energy portfolio, particularly in light of the ongoing crisis in the Gulf region, which has implications for global energy security. For Venezuela, this could represent a significant market for its oil exports.