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...
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...
From the Maldives to Venezuela: how Iran gets oil to an allyThe ship-to-ship transfer off The Maldives was the latest tactic by the two countries to keep their oil flowing to markets despite U.S. san...
Venezuela: The decline of an oil giant in crisisBy 2008, the country was producing 3.2 million barrels of oil a day. Just 13 years later, it can only muster 500,000 to one million barrels...
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 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.
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.
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...
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.
Venezuela to boost India oil suppliesVenezuela plans to significantly increase crude oil supply to India and is negotiating with Reliance Industries, its major customer, for a ...
- RIL in talks with Venezuela's oil company PDVSA to produce heavy oil
Reliance 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...
- OVL to sign pact for 40% stake in Venezuelan field
ONGC 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...