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ONGC in talks to acquire PDVSA stakes in two Venezuela oilfieldsIndia's ONGC is in talks with Venezuela's PDVSA to acquire stakes in two oilfields, San Cristobal and Carabobo. This move hinges on ONGC se...- 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...
- US issues fresh sanctions targeting Venezuela's oil sectorThe US has imposed sanctions on four companies and associated oil tankers operating in Venezuela's oil sector, intensifying pressure on Pre...
- 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...
- 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...
- 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...
- PDVSA and Reliance resume oil swap under US license, document showsVenezuela's PDVSA and India's Reliance Industries have restarted an oil swap deal after a pause due to U.S. sanctions. A U.S. license grant...
- Reliance renews bid for US license to import Venezuelan oil: SourcesIndian oil refiner Reliance Industries has resubmitted a request to the US for authorization to import crude oil from Venezuela, allowing i...
- 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...
- US to let Eni, Repsol ship Venezuela oil to Europe for debt: SourcesThe two European energy companies, which have joint ventures with Venezuelan state-run oil company PDVSA, can count the crude cargoes towar...
- Indian refiners RIL, Nayara Energy plan to wind down Venezuelan oil buys in April: SourcesSuch a step by Reliance, which operates the world's biggest refining complex, and Nayara - part owned by Russian oil major Rosneft - would ...
- Reliance to swap diesel for Venezuelan crude oilRIL operates twin refineries with a capacity to process 1.36 million barrels per day of crude oil at Jamnagar in Gujarat.
- 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.
- Trump admin says Indian private companies have stopped importing oil from sanctions-hit VenezuelaVenezuela is the third largest supplier of oil to India which is the world's third-biggest oil consumer.
- 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.
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