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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...
- Will continue to counteract any scheme to evade US sanctions, says State Secy Rubio after seizure of Venezuelan aircraftUS Secretary of State Marco Rubio has committed to counter any efforts to bypass US sanctions, as evidenced by the recent seizure of a Vene...
- ONGC hopes to recover over USD 400 mn dividend as sanctions eased on VenezuelaOVL agreed to provide loans of up to USD 60 million for implementing the remediation plan of the project. Under the loan arrangement, it pr...
- 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.
- India tries afresh to recover $660 million from VenezuelaThe rising dues have become an issue for the ONGC Videsh, which is finding it tough to get board approval for another $300-400 mn required ...
- ONGC Videsh Ltd wants to dip into RIL payments to clear Venezuelean duesOVL, the overseas investment arm of state-run explorer Oil and Natural Gas Corp (ONGC), holds 40 per cent stake in the San Cristobal oil pr...
- Reliance eyes stake in Venezuela crude oil block, Mexico exploration assets: ExecutiveRIL is looking to pick up an 11% stake in Venezuela's Petrocarabobo project that was recently surrendered by Malaysia's Petronas.
- Venezuela holds back half a billion dollars dividend payment of ONGC VideshVenezuela has held back dividend payment of nearly half a billion dollars to pressure OVL into bankrolling the entire cost of developing tw...
- ONGC Videsh not to exercise pre-emption rights in Venezuela's Petroleos de VenezuelaAll the partners in the project, including PdVSA, have right of first refusal or pre-emption rights to the Petronas stake.
- OVL signs MoU with Venezuelan firmONGC Videsh Ltd said it has signed an MoU with Venezuelan state oil firm PdVSA for cooperation in oil-rich Faja area of the Latin American ...
- Reliance Industries to take up oil block in VenezuelaRIL is close to taking an oil block in the Latin American nation that can produce as much as 10 million tons of oil per annum.
- OVL mulls buying Petronas stake in VenezuelaONGC Videsh Ltd, the overseas arm of state-owned Oil & Natural Gas Corp (ONGC), and its partners OIL and IOC are mulling buying 11 per cent...
- 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...
- 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...
- 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...
- Indian oil firms face loss of millions in Venezuelan projectA consortium of three Indian state-run oil majors is facing the "threat of nationalization or expropriation" of their assets in that countr...
- ONGC bids for Venezuela oil blockONGC has bid for Venezuela's Carabobo oil auction along with Spain's Repsol YPF SA and Petroliam Nasional Bhd of Malaysia.
- RIL-OVL sets sights on VenezuelaReliance Industries (RIL) and ONGC Videsh (OVL) may pick up 20% stake each in at least one of the three large oil fields in Venezuela’s Car...
- Venezuelan oil firm keen on stake in IOC's Paradip refineryVenezuelan national oil firm PdVSA is keen on taking a stake in Indian Oil Corp's Rs 29,777 crore Paradip refinery in exchange for committi...
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