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Trade deal impact? Govt pushes state-owned refiners to consider buying more US and Venezuelan oil

Buzz line2 months ago05 mins

The government has urged state-owned oil companies to look at purchasing more US and Venezuelan crude, after a trade deal in which the Trump administration said India agreed to cut back on Russian oil imports, Bloomberg reported. This development comes even as Commerce Minister Piyush Goyal said that the trade deal with the US is…

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India in talks with US, Venezuela over ONGC Videsh’s $600 million stuck dividends

Buzz line2 months ago06 mins

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…

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