๐จ๐๐ฝ๐๐บ ๐ต๐พ๐๐พ๐๐๐พ๐ ๐บ ๐ฃ๐พ๐พ๐๐พ๐ ๐ค๐๐พ๐๐๐ ๐ณ๐๐พ๐
India and Venezuela are expanding their energy partnership. India wants to add new crude oil sources due to supply problems in West Asia.
Venezuelan acting President Delcy Rodriguez visited India from June 3 to June 6. She met Prime Minister Narendra Modi and other senior officials. Both sides discussed building stronger economic ties.
MEA Secretary Rudrendra Tandon spoke at a media briefing after the talks. He said Venezuela is now the third largest crude oil supplier to India this month. He said both nations see a natural match in the energy sector.
Venezuela holds one of the largest oil reserves in the world. India is a major oil buyer and demand continues to grow. Tandon called this a strong natural fit.
The talks focused on creating a structured energy partnership. This covers both upstream and downstream sectors. Tandon said detailed talks remain private.
Venezuela sees India as a stable buyer for years to come. It also views India as a preferred partner for the future.
Both sides also discussed Indian investment in other areas:
- Mining and critical minerals
- Pharmaceuticals
- Automobiles
- Agriculture
- Animal husbandry
- Transport
- Automotive equipment
Rodriguez traveled with ministers from foreign affairs, finance, science and technology, communication, and transport. She also held talks with External Affairs Minister S Jaishankar and Petroleum Minister Hardeep Singh Puri.
She will visit facilities in energy, pharmaceuticals, and automobiles during the trip.
Indian state firms have already invested in Venezuela's energy sector. They now plan to expand their work there.