The potential revival of Venezuela’s oil sector, driven by U.S. investments, could benefit India’s ONGC, which has a 40% stake in the San Cristobal Project and hopes to recover $500 million in unpaid dividends since 2014. While India does not heavily import Venezuelan crude, a stabilization of Venezuela’s production could lower global crude prices, offering indirect benefits to the Indian economy. Experts indicate that a significant international investment of $30-35 billion over the next few years is crucial for Venezuela to restore its oil output to pre-sanction levels, potentially reaching 3 million barrels per day by 2040. This scenario underscores the complex interplay of geopolitics and global energy markets, with implications for India’s energy security.