India has expressed interest in gaining operatorship of oil blocks in Venezuela, according to Reuters. This was reported by Qazaqyia.kz citing Reuters.
Additionally, India has regained its stake in the Sakhalin-1 project in Russia. These moves are part of India's strategy to expand access to energy resources.
According to Reuters, Indian oil companies are showing interest in developing blocks in Venezuela. This is aimed at diversifying oil production and entering new markets.
The return of the stake in the Sakhalin-1 project is seen as a step to strengthen energy cooperation between India and Russia. This project plays a significant role in ensuring India's energy security.
Reuters reports that these developments could enhance India's standing in the global energy market. The country's activity in the oil sector is expected to have a positive impact on its economic growth.