India in talks with US, Venezuela over ONGC Videsh’s $600 million stuck dividends
OVL, the overseas arm of Oil and Natural Gas Corporation (ONGC), has held a 40% stake in the San Cristobal Project in Venezuela since 2008, with the country’s state-owned oil company Petróleos de Venezuela SA (PDVSA) owning the remaining 60%. A PDVSA team is currently in India to discuss the long-pending issue. The outcome of…