Union Minister for Petroleum and Natural Gas Shri Hardeep Singh Puri met with H.E. Ms. Delcy Eloína Rodríguez Gómez, Acting President of the Bolivarian Republic of Venezuela, in New Delhi on 04 June 2026
Senior officials of the Ministry and Chairpersons of various Public Sector Oil companies attended the meeting
Venezuela is among India's leading Crude Oil suppliers in April–May 2026
India's average monthly imports from Venezuela increased from 64.027 TMT during FY 2025-26 to 1,047.148 TMT in April-May of FY 2026-27
Venezuela possesses the world's largest proven oil reserves
India's total investment in Venezuela's oil sector stands at approximately USD 1 billion
Investments are in the San Cristóbal and Petrocarabobo-1 projects located in the Orinoco Belt
Indian Public Sector Companies have had an established presence in Venezuela's upstream sector since 2008
Venezuela is a traditional supplier of crude oil to India
India's refining sector is equipped to process Venezuela's heavy crude
