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India’s Modi meets Delcy Rodriguez as India expands Venezuela oil imports

India and Venezuela are exploring wider investment ties as officials seek to deepen energy cooperation, with bilateral trade at $678.94 million in FY 2025-26.

  • On Thursday, Indian Prime Minister Narendra Modi met with Venezuelan Acting President Delcy Rodriguez in New Delhi to discuss bilateral ties and energy cooperation between the two nations.
  • India imports about 90% of its oil, with half passing through the Strait of Hormuz, a key route effectively closed by the Iran war, prompting the nation to seek alternative suppliers.
  • Venezuelan crude imports have surged in recent weeks, making Venezuela India's third-largest supplier. Foreign ministry official Rudrendra Tandon, Secretary , said India is "aggressively seeking new sources of crude oil and energy to strengthen its energy security."
  • Rodriguez also met External Affairs Minister Subrahmanyam Jaishankar on Thursday and is scheduled for talks with Petroleum Minister Hardeep Singh Puri while touring Indian energy and automobile facilities.
  • Beyond oil, India and Venezuela are exploring reciprocal investments in mining and critical minerals, with Rodriguez planning further meetings with industry leaders in Mumbai as the country positions itself as a preferred partner.
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Indian Prime Minister Narendra Modi received on Thursday Delcy Rodríguez, leader of the Venezuelan regime, before a meeting to boost trade between one of the main oil exporters and his nation, avid for energy. Following the meeting in New Delhi between the two leaders, the Indian Foreign Ministry stressed that the Asian giant sees Venezuela's vast oil reserves as an "opportunity" and noted that it has already become one of its main sources of cr…

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stratnewsglobal.com broke the news on Tuesday, June 2, 2026.
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