"Venezuela is an opportunity", MEA emphasises diversification of energy supplies amid West Asia war

Jun 04, 2026

New Delhi, 4 June 2026 (ANI): India’s Ministry of External Affairs (MEA) highlights Venezuela as a key opportunity in global energy diversification amid ongoing West Asia conflict and supply chain disruptions. The statement underscores India’s strategy to reduce dependency on traditional oil routes and strengthen energy security through alternate crude sources. Venezuela is emerging as a crucial partner in India’s evolving energy basket as geopolitical tensions reshape global oil markets.