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Enhancing Bilateral Ties : Venezuelan Acting President Delcy Rodriguez In India , Vows Long Term Energy Partnership, Meets Prime Minister Narendra Modi
India’s procurement of Venezuelan crude oil has picked up momentum since April and the South American nation has already emerged as the third largest oil supplier to the country.
Picture : @MEAIndia/X
India and Venezuelahave vowed to set up a long-term energy partnership building on their complementarities as Prime Minister Narendra Modi held extensive talks with Venezuelan Acting President Delcy Rodriguez focusing on ramping up economic ties including in critical minerals, pharmaceuticals, agriculture and automobiles.
Rodriguez kick-started a five-day visit to India on Wednesday to bolster the overall bilateral cooperation against the backdrop of New Delhi seeking to diversify its crude oil procurement amid supply disruptions due to the West Asia crisis.
India’s procurement of Venezuelan crude oil has picked up momentum since April and the South American nation has already emerged as the third largest oil supplier to the country.
In the meeting, the Venezuelan leader’s clear message was that her country looks at India as a ‘preferred energy partner’ given the size of the Indian economy and the fact that it will be stable buyer in the energy market for many years to come, Secretary (East) in the Ministry of External Affairs Rudrendra Tandon said.
The response by the prime minister was that India looks forward to building this energy relationship and it will cover both upstream and downstream activities, he said at a media briefing.