The Modi–Rodríguez summit pushed India and Venezuela past one-off oil cargoes toward supply contracts, investment and a debt deal, as the Hormuz crisis redraws global crude flows.
VENEZUELA · ENERGY
Key Facts
—The summit: acting president Delcy Rodríguez met Prime Minister Narendra Modi in New Delhi on June 4, the centrepiece of a June 3 to 7 visit.
—The advance: India signalled it wants to move beyond spot purchases to crude supply contracts and investment in Venezuela’s oil sector.
—The volumes: India was the second-largest buyer of Venezuelan oil in May, at about 427,000 barrels per day, per Reuters.
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India ve "oportunidad" en el petróleo de Venezuela; Delcy Rodríguez y Narendra Modi se reúnen en Nueva Delhi | El Universal
India and Venezuela seek to strengthen energy and economic ties through oil partnerships and collaboration in various sectors.
