What happened:
On December 31, 2025, Guyana invited Indian companies to take part in crude oil exploration and production, with offshore oil blocks scheduled for auction in 2026. Guyana’s High Commissioner to India, Dharamkumar Seeraj, said the country supplied nearly six million barrels of crude oil to India in 2025 and expects stronger energy cooperation, including possible Indian participation in upstream drilling activities.
Why it matters to India:
The move supports India’s effort to diversify energy sources amid geopolitical uncertainties, strengthens ties with a fast-emerging oil producer, and opens opportunities for Indian companies in exploration, infrastructure, and renewable energy sectors.