Prime Minister Narendra Modi met Venezuela's Acting President Delcy Rodríguez at Hyderabad House in New Delhi on Thursday to discuss bilateral cooperation [1].

The meeting occurs as India seeks to stabilize its energy security amid global oil supply challenges. With India importing about 90% [3] of its total oil, diversifying and strengthening ties with major producers like Venezuela is a strategic priority.

Rodríguez is currently on a five-day [2] official visit to India. The leaders focused their discussions on expanding partnerships in energy, critical minerals, and technology [1]. The talks aim to strengthen diplomatic ties and create new avenues for economic collaboration between the two nations [3].

Both leaders discussed the necessity of maintaining steady energy flows. The conversations at Hyderabad House highlighted a shared interest in overcoming current global oil crisis pressures through coordinated efforts [1].

The visit marks a significant diplomatic engagement between New Delhi and Caracas. By exploring cooperation in critical minerals and technology, the two countries are looking beyond traditional oil exports to build a more comprehensive strategic relationship [1].

“India imports about 90% of its total oil.”

This engagement signals India's intent to hedge against volatile global energy markets by deepening ties with Venezuela. By expanding the scope of cooperation to include critical minerals and technology, India is attempting to secure a diversified supply chain that reduces reliance on a few dominant energy exporters.