Which South American country, recently emerging as the world’s newest oil producer, is advancing in cooperation with India in the oil & gas sector?

Guyana, a country in South America, has recently gained significant prominence in the oil and gas sector, becoming the world’s newest oil producer. This development is highlighted by its recent cooperation with India in the hydrocarbon sector. The discovery of substantial oil reserves and the subsequent increase in production have placed Guyana at the forefront of global energy discussions. The country’s strategic partnership with India, including the signing of a memorandum of understanding for cooperation in areas like crude oil sourcing and exploration, marks a significant step in its emerging role as a key player in the global oil and gas industry.