We Are Engaging with Venezuela to Strengthen Our Energy Security: MEA - The Tribune
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4 Articles
We are engaging with Venezuela to strengthen our energy security: MEA - The Tribune
State-run Oil and Natural Gas Corporation (ONGC) is set to step up its activities in Venezuela after receiving a licence from the US Treasury's Office of Foreign Assets Control (OFAC), removing the sanctions-related restrictions that had limited the company's operations in the country.
India’s National Oil Company Resumes Operations After US Sanctions Waiver in Venezuela
The Indian state-owned oil company, the Oil and Natural Gas Corporation of India, is evaluating the full resumption of its operatorship in Venezuela after securing a US Treasury license, a senior official of the company said. The chief financial officer of ONGC, Anupam Agarwal, stated on Sunday, August 16, that the license from the US Office of Foreign Assets Control (OFAC) will allow the company to resume full operations in Venezuela after year…
ONGC clarifies report on OVL’s Venezuela operations, says framework talks underway
ONGC confirmed OVL's bid for U.S. approval to resume operations in Venezuela, where it has significant assets that could be developed further. While a prior report suggested a license was granted, ONGC noted no material price movement or financial impact yet has been assessed.
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