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ONGC uses stuck Russian dividend dues for Sakhalin fund, seeks operatorship of Venezuela oilfields

viaeconomictimes.indiatimes.com1h ago
ONGC uses stuck Russian dividend dues for Sakhalin fund, seeks operatorship of Venezuela oilfields
ONGC has utilized funds from its Russian dividends to meet its obligations for the Sakhalin-1 abandonment fund. The company is negotiating with Venezuela’s PDVSA to take operational control of the San Cristobal and PetroCarabobo projects. This move is expected to enhance ONGC’s ability to recover…

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