India is deepening its strategic energy partnership with Venezuela, which holds the world's largest proven oil reserves, to diversify supply sources and ensure energy security. The talks, framed within Global South cooperation, extend beyond oil to include critical minerals, pharmaceuticals, and Indian investment in Venezuela's reforming energy sector.
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- ›Venezuela's Oil Rank: Largest proven oil reserves in the world
- ›Current Supplier Rank to India: 3rd largest supplier (spot purchases, June 2026)
- ›Target this Data: Venezuela has the world's largest proven oil reserves.
- ›Target this Nodal Body: Ministry of External Affairs (Secretary East) and Ministry of Petroleum & Natural Gas.
- ›Target this Fact: India-Venezuela energy partnership dates back to 2008.
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