India and Venezuela Boost Energy Ties Amid Supply Crisis
India and Venezuela are deepening energy cooperation as New Delhi seeks to stabilize oil supplies following disruptions in the Strait of Hormuz. Interim President Delcy Rodriguez met with Prime Minister Narendra Modi to discuss upstream and downstream projects while visiting Indian refineries.
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India and Venezuela are expanding energy cooperation to secure crude oil flows as Middle East supply disruptions impact global markets. Discussions between the two nations on June 4 focused on potential collaboration across upstream and downstream projects. The shift follows the virtual shutdown of the Strait of Hormuz, which has historically carried over 40% of India's crude imports.
