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PDVSA OIL PRODUCTION
ONGC's overseas arm set to revive Venezuela operationsONGC Videsh Ltd (OVL) had acquired assets overseas as part of increasing the state-run oil producer's crude output. The move to revive OVL ...- Venezuela's oil exports jump to highest since 2018, with more sales to US, IndiaVenezuela’s oil exports rose 14% to 1.23 million barrels per day in April, the highest in over seven years, driven by increased sales to th...
- Morgan Stanley expects Venezuela's bonds to soar in restructuringThe value of Venezuela's government and state oil firm bonds could surge when they are eventually restructured, analysts at Wall Street inv...
- China's oil investments in VenezuelaChina is a significant player in Venezuela's struggling oil sector, acting as a major buyer and investor. Despite U.S. sanctions, Chinese f...
- Private Chinese firm producing oil in Venezuela under rare 20-year pact, source saysChina Concord Resources Corporation has started developing two oilfields in Venezuela. The company plans to invest over one billion dollars...
- Venezuela: The decline of an oil giant in crisisBy 2008, the country was producing 3.2 million barrels of oil a day. Just 13 years later, it can only muster 500,000 to one million barrels...
- Reliance Industries says not violating US sanctions on Venezuela, bought oil with knowledge of US authoritiesReliance has purchased Venezuelan crude oil from companies such as Rosneft long before the imposition of the US sanctions.
- Reliance says not involved in any cash payment arrangement to Venezuela's PDVSA for oilOne internal PDVSA document indicated shipments of Venezuelan oil to Reliance in April would be settled via Rosneft.
- 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 ...
- Venezuela turns to India as sanctions cut oil flow to U.S., EuropeThe South American nation is turning its focus to cash-paying buyers, especially in India, its second-largest customer after the US.
- Venezuela starts clearing ONGC Videsh Ltd's $449 million duesOVL Managing Director Narendra K Verma said Petroleos de Venezuela (PDVSA) had last month shipped a cargo of crude oil to Reliance Industri...
- ONGC Videsh Limited declines Venezuela's offer for additional stake in oilfield"Cash-strapped PDVSA hasn't been able to pay our dues and the additional stake may be used to settle the dues. We don't think that is what ...
- Venezuela stops payment of oil dues to ONGC VideshVenezuelan national oil company Petroleos De Venezuela S.A. (PDVSA), which holds the remaining 60 per cent stake, has not paid the dividend...
- Venezuela's PDVSA to rope in customers to pay $449 million to ONGCOVL owns 40 per cent of Venezuela's San Cristobal oilfield and had invested about USD 190 million in the project in 2008.
- ONGC Videsh Ltd to help Venezuela's national oil firm raise $318 millionAs part of the agreement, OVL will stand guarantee for the San Cristobal JV to raise $318 million capital required for raising production f...
- Petroleos de Venezuela SA seeks $1bn credit before it releases $537mn-dividend to ONGCState-owned ONGC has delayed financing due to lack of clarity on dividend payment for its 40% share of the oil field.
- Venezuelan partner says ONGC can get pending $537 million dividend within a year of arranging $1 billion creditPDVSA chief Eulogio Del Pino on Monday met oil minister Dharmendra Pradhan in a bid to resolve the long-drawn tussle between the two firms.
- China will pump $40 bn in Venezuela energyChina will invest more than 40 billion dollars in Venezuela's oil- and gas-rich eastern Orinoco belt by 2016, Energy Minister Rafael Ramire...
- Venezuela increases petroleum importsVenezuela's state petroleum company, PDVSA, increased petroleum imports by nearly 150 pc between the first quarter of 2007.
- OVL to sign pact for 40% stake in Venezuelan fieldONGC Videsh Ltd, the overseas investment arm of Oil and Natural Gas Corporation (ONGC), will sign an agreement on April 8 to take 40 per ce...
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