Puri meets Rodriguez; says Indian energy PSUs eye new collaborations with Venezuela

Key points

• New Delhi: Indian oil and gas companies plan to build upon their existing investments in Venezuela along with seeking new collaboration opportunities to enhance bilateral energy partnership, said Union minister for petroleum and natural gas, Hardeep Singh Puri.
• Puri, along with heads of Indian oil and gas companies, met Venezuela's acting president Delcy Rodriguez on Thursday.
• Taking to social media platform X after the meeting, Puri said that a technical team from India would soon visit the South American nation to study opportunities in the energy space.
• “Venezuela possesses biggest proven reserves of oil in the world, while India not only possesses huge demand for energy, but also has the technological expertise and manpower to refine Venezuelan crude in our refineries.
• Venezuela is already among the largest crude oil suppliers to India in April & May 2026, which is a reflection of the future potential.