India Enhances Energy Collaboration with Venezuela through Technical Team Visit
India to send technical team to Venezuela to explore energy prospects

Image: Asianet Newsable
India's Union Petroleum Minister Hardeep Singh Puri announced plans for a technical team to visit Venezuela to explore energy opportunities. This initiative aims to strengthen the long-standing energy partnership established in 2008, leveraging Venezuela's vast oil reserves and India's refining capabilities.
- 01Hardeep Singh Puri met Venezuela's Acting President Delcy Rodriguez to discuss energy collaboration.
- 02India has maintained an energy partnership with Venezuela since 2008, focusing on mutual benefits.
- 03Venezuela is the largest crude oil supplier to India, highlighting significant future potential.
- 04Indian companies are seeking to expand existing investments and explore new opportunities in Venezuela.
- 05Prime Minister Narendra Modi emphasized the importance of cooperation in energy, technology, and agriculture.
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India is set to deepen its energy ties with Venezuela, following a meeting between Union Petroleum and Natural Gas Minister Hardeep Singh Puri and Venezuela's Acting President Delcy Rodriguez in New Delhi. Puri announced that a technical team from India will visit Venezuela to explore energy sector opportunities, building on the existing partnership that began in 2008. Venezuela, home to the world's largest proven oil reserves, is a key supplier of crude oil to India, reflecting a strong potential for future collaboration. During discussions, both leaders reviewed various avenues for cooperation, including critical minerals, technology, and healthcare, reaffirming their commitment to enhancing bilateral relations. Prime Minister Narendra Modi noted the importance of this partnership for the Global South, emphasizing mutual benefits for both nations. Indian public sector undertakings (PSUs) have already invested significantly in Venezuela and are eager to expand their presence.
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The collaboration may lead to increased energy security for India and enhanced investment opportunities in Venezuela's energy sector.
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