
Prime Minister Narendra Modi on Thursday held talks with Venezuelan acting President Delcy Rodriguez focusing on boosting bilateral ties in areas of energy, trade and investment ( by PTI)
The two sides are looking at expanding energy cooperation, as New Delhi seeks to diversify its crude oil procurement amid supply disruptions from the West Asia crisis ( by PTI)
External Affairs Ministry spokesman Randhir Jaiswal said the visit will further deepen India-Venezuela ties ( by PTI)
The Venezuelan vice president landed in India on Wednesday ( by PTI)
She is accompanied by several ministers, including the ministers of foreign affairs, economy and finance, science and technology, communication and information, and transportation. ( by PTI)
India was once a major processor of Venezuelan heavy crude, importing more than 4,00,000 barrels per day at peak levels, until sweeping US sanctions and rising compliance risks forcibly shut down purchases in 2020 ( by PTI)
New Delhi started purchasing crude oil from Venezuela after the sanctions were lifted following Maduro's capture ( by PTI)
Indian oil marketing companies significantly ramped up crude oil sourcing from Venezuela in the last few weeks largely due to the West Asia crisis ( by PTI)