India Seeks Deeper Energy Ties with Venezuela
India's oil minister Hardeep Singh Puri met with Venezuelan Interim President Delcy Rodriguez to discuss strengthening energy partnerships and reconstruction. Following a surge in crude imports to 427,000 barrels per day in May, Indian firms are exploring long-term supply deals and upstream projects.
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India is seeking to deepen its energy footprint in Venezuela through expanded investments in the South American nation's reformed oil and gas sector. The move follows May data showing New Delhi became the second-largest importer of Venezuelan crude, purchasing 427,000 barrels per day in May. The expansion aims to secure long-term energy supplies to mitigate disruptions from Middle Eastern volatility.
