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SAN CRISTOBAL
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 ...- ONGC may receive $500 million of unpaid dividends if US lifts sanctions on Venezuelan oilONGC could unlock about US$500 million in unpaid dividends from its Venezuelan assets if US-led restructuring eases sanctions, Jefferies sa...
- OVL seeks waiver of US sanctions on Venezuela to recover dividendsONGC has investments in two Venezuelan oil fields - Sancristobal and Carabobo-1 - but has been unable to receive its share of income for ye...
- 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...
- Notwithstanding growing US ties, India ready to welcome Venezuelan President Nicolas MaduroThe visiting president will participate in the International Solar Alliance Summit on March 11 and also hold talks with PM Narendra Modi.
- 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.
- OVL H1 net profit more than doubles to Rs 512 croreNet profit for April-September was at Rs 512 crore, 126.55 per cent higher than Rs 226 crore for the same period in the year-ago period, th...
- 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...
- OVL to provide $318 M financing guarantee to VenezuelaIt will help raise output at the Venezuelan oilfield after the Latin American nation signed pact to supply 17,000 barrels per day of crude ...
- 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.
- 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...
- Investments in Venezuela face high risks: ONGCVenezuela has already attracted investment from Indian state firms, which are looking for more opportunities there, while Reliance Industri...
- 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...
- OVL may get to dig 2 more blocks in VenezuelaOne of the blocks is located in Junin fields which is stated to have about 50 billion barrels of recoverable oil reserve.
- ONGC Videsh, Petroleos to develop oil field in VenezuelaONGC Videsh Ltd and Petroleos De Venezuela S.A. have signed a joint venture agreement for the San Cristobal Field in Junin, Orinoco region ...
- 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...
- Govt authorises OVL to invest $102 mn in QatarThe government on Monday authorised ONGC Videsh Ltd to invest 102.21 mn dollars in exploration and production project in Qatar. Tax sheet I...
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