The renewed engagement comes as Venezuela prepares to host Venezuela Energy Week 2026 in Caracas from October 26–29, a platform expected to bring together policymakers, national oil companies, investors and international energy firms to explore opportunities across the country's oil, gas and infrastructure sectors.

India Looks to Diversify Supply

India has stepped up energy engagement with Venezuela as part of a broader strategy to secure and diversify crude supply amid shifting global trade flows and tightening market conditions. High-level discussions during Acting President Delcy Rodríguez's visit to New Delhi highlighted growing interest in expanding cooperation across upstream and downstream segments, alongside dialogue on critical minerals and long-term investment frameworks. India, which has increased purchases of Venezuelan crude in recent months, is positioning the country as a complementary supplier within its wider import strategy, reflecting a broader push toward supply diversification and energy security.

Turkey Expands Its Energy Footprint

Turkey is also strengthening ties with Venezuela as Ankara expands its role as a regional trading and refining hub connecting producers across the Atlantic Basin with markets in Europe and Asia. Recent discussions between President Recep Tayyip Erdoğan and Venezuela's leadership in Istanbul focused on cooperation in energy and mining, as well as efforts to expand bilateral trade. Both countries have indicated that trade volumes could rise toward $3 billion, with energy expected to play a central role. The relationship increasingly spans investment coordination, logistics connectivity and commodity trade, reflecting Turkey's growing influence across global energy supply chains.

Equatorial Guinea Eyes Business Delegation

Venezuela is also strengthening ties with Equatorial Guinea as part of broader efforts to deepen cooperation with African energy markets. During a recent meeting, Venezuelan Ambassador to Equatorial Guinea Ana Pino Pasquier and Santiago Olo Lima, a member of the African Energy Chamber, discussed opportunities to expand economic and commercial collaboration between the two countries, including the participation of an Equatorial Guinean business delegation at Venezuela Energy Week.

Bringing together government leaders, investors, operators and service providers, the event will provide a platform to advance investment discussions, showcase project opportunities and strengthen commercial partnerships across Venezuela's energy value chain. As engagement with Caracas continues to broaden, Venezuela Energy Week is expected to highlight how growing international interest can be translated into investment, trade and project development opportunities.

Supporting Venezuela's Earthquake Recovery

Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela.