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HEAVY CRUDE VENEZUELA
Indian companies willing to deepen presence in Venezuela, says Minister Hardeep Singh PuriIndia is looking to deepen its energy partnership with Venezuela, with Indian companies expressing readiness to expand their presence. This...05 Jun, 2026, 10.59 AM IST- Venezuela third largest supplier of crude to India in MayIndia's crude oil imports see a significant shift this May. Venezuela has become the third-largest supplier, surpassing Saudi Arabia and th...22 May, 2026, 05.30 AM IST
- Heavy Crude, Heavy Consequences: Why Venezuela’s shock tests Canada’s oil economyA U.S. operation in Caracas and plans to assume control of Venezuela’s oil assets have revived heavy crude flows, posing a direct competiti...13 Jan, 2026, 11.17 AM IST
- Trump's plan to seize, revitalise Venezuela's oil industry faces major hurdlesAmerica is taking charge of Venezuela's oil sector, but that is unlikely to change oil prices immediately. Years of neglect and sanctions h...04 Jan, 2026, 05.27 PM IST
- Venezuela forced to double discount on oil to Asia due to flood of sanctioned crudeAsian buyers are seeking significant price cuts for Venezuelan oil. This is driven by a surplus of sanctioned crude from Russia and Iran. I...11 Dec, 2025, 07.37 AM IST
- Venezuela agrees to supply oil to India in lieu of pending dividend, says Petroleum SecyONGC Videsh, the overseas investment arm of India's top explorer Oil and Natural Gas Corp, has $600 million of dividend pending for its 40%...03 Jan, 2024, 01.04 PM IST
- India refiner Reliance Industries buys Canadian heavy crude to offset Venezuelan decline: SourcesThe deal, large for Canada, shows how global buyers are scrambling for new sources of heavy oil. Venezuela's production has collapsed over ...01 Oct, 2020, 09.26 PM IST
- Reliance selling fuels from India to Venezuela to avoid U.S. sanctionsThe Indian market is crucial for Venezuela's economy because it has historically been the second-largest cash-paying customer for the OPEC ...21 Mar, 2019, 08.32 AM IST
- OVL mulls raising stake in $20 billion Venezuela oil projectOVL is looking at buying a similar stake that Malaysia's Petronas has decided to give up in the project.24 Sep, 2013, 03.17 PM IST
- Reliance Industries eyes oil blocks in VenezuelaRIL currently imports about 300,000 barrels per day of oil from Venezuela for processing at its twin refineries at Jamangar in Gujarat.03 Sep, 2013, 03.45 PM IST
- ONGC Videsh's Venezuela field begins productionThe first well in the Carabobo field of Venezuela's oil-rich Orinoco Belt a few days back began pumping extra-heavy crude, sources said.14 Jan, 2013, 12.27 AM IST
- RIL in talks with Venezuela's oil company PDVSA to produce heavy oilReliance Industries is in talks with Venezuela's PDVSA to produce heavy oil in the South American OPEC nation, PDVSA Executive Director Fad...17 Oct, 2012, 05.56 PM IST
- RIL signs areement with Venezuela for heavy oil projectReliance Industries today said it has signed an agreement with Venezuela for a project to produce heavy oil in the South American OPEC nati...03 Oct, 2012, 11.11 PM IST
- Reliance Industries keen on taking project in Venezuela's heavy crude beltRIL wants to partner Venezuelan state oil monopoly Petroleos de Venezuela to develop a project in the Orinoco extra heavy crude belt, indus...27 Sep, 2012, 05.42 PM IST
- 'Venezuela has world's largest oil reserves'Venezuela has surpassed Saudi Arabia to become the nation with the largest proven crude oil reserves in the world, at 297 billion barrels, ...20 Jan, 2011, 02.14 AM IST
- ONGC, IOC, OIL consortium wins oil block in VenezuelaONGC & IOC and OIL have won a bid to develop a major crude oil block in Venezuela, its first major overseas success since Imperial Energy P...11 Feb, 2010, 02.32 PM IST
- Venezuela approves law taxing foreign oil companies' windfall profitsVenezuela moved to take a greater cut of windfall oil profits, approving a 50 percent tax on foreign oil companies when crude tops $70 a ba...16 Apr, 2008, 09.15 AM IST
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