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ONGC in talks to acquire PDVSA stakes in two Venezuela oilfields

India's ONGC is in talks with Venezuela's PDVSA to acquire stakes in two oilfields, San Cristobal and Carabobo. This move hinges on ONGC securing a crucial US license to operate, a requirement following US oversight of Venezuela's oil sector. The company aims for greater operational control, potentially boosting production and recovering stuck dividends. International majors have already received similar approvals.

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economictimes.indiatimes.com

timesofindia.indiatimes.com

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economictimes.indiatimes.comStai leggendo1 mese fa

ONGC in talks to acquire PDVSA stakes in two Venezuela oilfields

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timesofindia.indiatimes.com1 mese fa

Why ONGC is eyeing two oilfields in Venezuela; in talks with state-run oil company PDVSA, seeks US approval

Oil and Natural Gas Corp (ONGC) is reportedely in discussions with Venezuela's state-owned oil producer PDVSA to purchase either a portion or all of its holdings in two oilfields located in the South American country.

Timeline cronologica

martedì 23 giugno 2026·economictimes.indiatimes.com
ONGC in talks to acquire PDVSA stakes in two Venezuela oilfields
India's ONGC is in talks with Venezuela's PDVSA to acquire stakes in two oilfields, San Cristobal and Carabobo. This move hinges on ONGC securing a crucial US license to operate,…
mercoledì 24 giugno 2026·timesofindia.indiatimes.com
Why ONGC is eyeing two oilfields in Venezuela; in talks with state-run oil company PDVSA, seeks US approval
Oil and Natural Gas Corp (ONGC) is reportedely in discussions with Venezuela's state-owned oil producer PDVSA to purchase either a portion or all of its holdings in two oilfields…