India signals willingness to resume Venezuelan oil purchases
New Delhi says it is open to buying crude from Venezuela provided it is commercially viable. The move comes as India seeks to diversify its energy sources.
Insights:
The Indian 
IN foreign ministry announced today that India IN remains open to the possibility of purchasing crude oil from Venezuela 
VE, contingent upon the commercial viability of such transactions. Speaking on February 5, 2026, Randhir Jaiswal randhir jaiswal, the spokesperson for the ministry, framed the potential sourcing of crude from the Venezuelan VE oil sector as a key component of the strategy of the Government of India IN to bolster national energy security. This move is particularly significant as India IN seeks to provide reliable energy for its 1.4 billion people.
IN foreign ministry announced today that India IN remains open to the possibility of purchasing crude oil from Venezuela VE, contingent upon the commercial viability of such transactions. Speaking on February 5, 2026, Randhir Jaiswal randhir jaiswal, the spokesperson for the ministry, framed the potential sourcing of crude from the Venezuelan VE oil sector as a key component of the strategy of the Government of India IN to bolster national energy security. This move is particularly significant as India IN seeks to provide reliable energy for its 1.4 billion people.
