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India’s ONGC Considers Resuming Venezuela Oil Operations | OilPrice.com

ONGC Videsh is evaluating the restart of operations at its Venezuelan oil assets as sanctions ease and foreign investment returns to the country's energy sector.

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India’s ONGC Considers Resuming Venezuela Oil Operations | OilPrice.com

ONGC Videsh is evaluating the restart of operations at its Venezuelan oil assets as sanctions ease and foreign investment returns to the country's energy sector.

originale

economictimes.indiatimes.com3 g fa

ONGC's overseas arm set to revive Venezuela operations

OVL, India's state-run oil arm, revives Venezuela operations with 40% stake in San Cristobal and 11% in Petrocarabobo under a new legal framework permitting profit repatriation. The move strengthens India's energy diversification beyond West Asia and Russia; Venezuela's new governance may shift global crude prices and geopolitical energy balances.

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Timeline cronologica

lunedì 15 giugno 2026·economictimes.indiatimes.com
ONGC's overseas arm set to revive Venezuela operations
ONGC Videsh Ltd (OVL) had acquired assets overseas as part of increasing the state-run oil producer's crude output. The move to revive OVL operations in what's described as the…
martedì 16 giugno 2026·oilprice.com
India’s ONGC Considers Resuming Venezuela Oil Operations | OilPrice.com
ONGC Videsh is evaluating the restart of operations at its Venezuelan oil assets as sanctions ease and foreign investment returns to the country's energy sector.