Venezuela's acting president authorized for official trip to India to boost energy ties

Venezuela's National Assembly has granted acting President Delcy Rodríguez authorization for an official trip to India. The parliamentary approval allows her to be absent from the country for several days to engage in high-level diplomatic and economic discussions.

During her visit, Rodríguez is scheduled to hold meetings with Indian Prime Minister Narendra Modi and executives from major industrial conglomerates. The trip is expected to focus on enhancing bilateral cooperation, with particular emphasis on the energy sector. Sources indicate that Venezuelan ministers specializing in foreign relations, economy, science and technology, and transportation will accompany her, leading parallel working groups with their Indian counterparts.

A key aspect of the agenda includes a technical visit to Reliance Industries' refinery in Jamnagar, Gujarat. This facility is recognized as the world's largest oil refinery and is considered a strategic destination for Venezuela's heavy crude oil, exports of which have steadily increased to India in recent months. The Indian Ministry of External Affairs has officially validated the visit, with spokesperson Randhir Jaiswal stating that discussions will prioritize global supply security, noting India's investments in Venezuela's energy sector.

Discussions are also expected to address the financial and operational status of ONGC Videsh, the overseas investment arm of India's Oil and Natural Gas Corporation. This Indian state-owned firm has active participation in Venezuela's energy sector and is reportedly seeking to repatriate over $500 million in accumulated dividends.

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Our state oil companies have made investments in Venezuela's energy sector, which is an important energy partner for us.