India says Venezuela to give some oil to ONGC Videsh in lieu of dividend

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ONGC Videsh, the overseas investment arm of India's top explorer Oil and Natural Gas Corp, has $600 million of dividend pending for its 40% stake in the San Cristobal field in eastern Venezuela's Orinoco Heavy Oil belt

Nidhi Verma, Reuters News

January 3, 2024

PHOTO

Venezuela has agreed to give India's ONGC Videsh some oil in lieu of the company's pending dividend for a stake in a project in the South American nation, India's oil secretary said on Wednesday.

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