PM Modi, Venezuela’s Rodríguez discuss energy ties
PM Modi and Venezuela's acting President Delcy Rodríguez discussed energy ties during her four-day visit to India. The talks focused on establishing a long-term energy partnership and cooperation in pharmaceuticals and critical minerals. India aims to enhance its energy security by diversifying its oil sources, with Venezuela being a key player due to its vast oil reserves.
- ▪Delcy Rodríguez is on a four-day visit to India with a delegation of five ministers.
- ▪The discussions included the repatriation of over $500 million in dividends owed to India's ONGC Videsh Ltd.
- ▪Venezuela has become India's third largest oil supplier, following Russia and the UAE.
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PM Modi, Venezuela’s Rodríguez discuss energy tiesVenezuela’s acting President Delcy Rodríguez is on a four-day visit to India with a delegation that includes five ministers.Published on: Jun 05, 2026 9:43 AM ISTBy Rezaul H LaskarShare viaCopy link Prime Minister Narendra Modi and Venezuela’s acting President Delcy Rodríguez on Thursday held talks on forging a long-term energy partnership and collaboration in pharmaceuticals and critical minerals, even as the Indian side flagged the issue of repatriating a state-run firm’s oil dividends from the South American country.Prime Minister Narendra Modi with Venezuela's acting President Delcy Rodríguez in New Delhi on Thursday.
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