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ONGC secures a US license (OFAC) to fully resume Venezuela oil operations, removing sanctions hurdles. This paves the way for increased production, new agreements, and potential operatorship from...

IOC and HPCL jointly buy 2 million barrels of Venezuelan crude oil after US sanctions eased. Second deal since oil flow restarted.

US control of Venezuelan oil could unlock $1B for India and boost output. Sanctions ease, OVL benefits, and India diversifies crude sources.

ONGC Videsh seeks banking solutions to recover USD 350 mn dividend income stuck in Russia due to sanctions. Also targets Venezuela dues.

India welcomes the return of Venezuelan oil to the market after sanctions were eased, Petroleum Minister Hardeep Singh Puri said. Indian refiners are capable of processing heavy Venezuelan crude,...