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ONGC VENEZUELA DIVIDENDS
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...05 Jan, 2026, 09.04 AM IST- How Reliance Industries and ONGC may benefit from US takeover of Venezuelan oilJefferies sees Reliance Industries and ONGC as key Indian beneficiaries of a potential US-led restructuring of Venezuela’s oil sector. Whil...05 Jan, 2026, 08.49 AM IST
- US attack on Venezuela unlikely to hit Indian refiners hardThe country produces around 900,000 barrels per day of crude - about 1% of the global supply. Of the roughly 765,000 bpd it exports, nearly...03 Jan, 2026, 11.22 PM IST
- ONGC seeks US exemption to take over Venezuelan oilfields' operationsONGC seeks US exemption to gain operational control of its oil fields in Venezuela. The company has struggled to repatriate $500 million of...30 Aug, 2024, 08.54 PM IST
- 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...26 Oct, 2023, 08.34 PM IST
- ONGC hopes to recover over $500 mln dividend as sanctions on Venezuela easedOil and Natural Gas Corp (ONGC) is aiming to reclaim more than $500 million in dividends that have been outstanding since 2014 for its stak...26 Oct, 2023, 01.14 PM IST
- 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...15 Oct, 2021, 08.23 AM IST
- 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...05 Dec, 2018, 05.08 PM IST
- 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 ...09 Sep, 2018, 11.11 AM IST
- 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...01 Jun, 2018, 02.45 PM IST
- 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 2008.15 Nov, 2017, 10.21 PM IST
- ONGC Videsh hopes to raise output by 15% in the current fiscalThe company’s output rose 40% to 12.5 mn tonnes of oil equivalent in 2016-17 in comparison to the previous fiscal, primarily driven by prod...25 Apr, 2017, 01.21 AM IST
- ONGC hits more than 19-month high ahead of Q3 resultsAccording to reports, ONGC has received the first instalment of $19 million from Venezuela's state oil firm Petroleos de Venezuela towards ...31 Jan, 2017, 11.05 AM IST
- 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...11 Nov, 2016, 05.49 PM IST
- 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 ...25 May, 2016, 12.05 PM IST
- 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...18 Jan, 2014, 05.21 AM IST
- 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...10 Dec, 2013, 11.13 AM IST
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