OVL Managing Director Narendra K Verma said Petroleos de Venezuela (PDVSA) had last month shipped a cargo of crude oil to Reliance Industri...

RIL 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 is looking at buying a similar stake that Malaysia's Petronas has decided to give up in the project.

ONGC 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 currently imports about 300,000 barrels per day of oil from Venezuela for processing at its twin refineries at Jamangar in Gujarat.

Reliance Industries is in talks with Venezuela's PDVSA to produce heavy oil in the South American OPEC nation, PDVSA Executive Director Fad...

Reliance Industries today said it has signed an agreement with Venezuela for a project to produce heavy oil in the South American OPEC nati...

RIL wants to partner Venezuelan state oil monopoly Petroleos de Venezuela to develop a project in the Orinoco extra heavy crude belt, indus...

Venezuela has surpassed Saudi Arabia to become the nation with the largest proven crude oil reserves in the world, at 297 billion barrels, ...

China will invest more than 40 billion dollars in Venezuela's oil- and gas-rich eastern Orinoco belt by 2016, Energy Minister Rafael Ramire...

ONGC & IOC and OIL have won a bid to develop a major crude oil block in Venezuela, its first major overseas success since Imperial Energy P...

RIL pulled out of an ONGC-led consortium which was formed to bid for a 40% stake in an oil field in Venezuela, leaving the state-run compan...

Oil and Natural Gas Corp, Reliance Industries and Indian Oil Corp, are coming together for the first time, to bid jointly for a vast oilfie...

The state-run oil companies of Ecuador and Chile are signing up to explore for oil in the crude-rich Orinoco Belt of Venezuela.

Venezuela will sell Spain up to 10,000 barrels of oil per day at 100 dollars a barrel in exchange for imports of medical equipment and othe...

ONGC Videsh Ltd and Petroleos De Venezuela S.A. have signed a joint venture agreement for the San Cristobal Field in Junin, Orinoco region ...

The government on Monday authorised ONGC Videsh Ltd to invest 102.21 mn dollars in exploration and production project in Qatar. Tax sheet I...