Nov 11, 2016 at 17:08 | Source: PTI
ONGC Videsh Ltd has signed a pact with Venezuela's national oil firm to help arrange USD 318 million financing for the San Cristobal project in lieu of the Latin American nation clearing its past dues through supply of crude oil.
Nov 07, 2016 at 14:44 | Source: PTI
OVL, the overseas arm of state-owned ONGC, owns 40 per cent of Venezuela's San Cristobal oilfield and had invested about USD 190 million in the project in 2008. State-run Petroleos de Venezuela SA (PDVSA) holds the remaining stake.
Oct 27, 2016 at 21:56 | Source: PTI
Venezuela has agreed to supply crude oil to India on a monthly basis over a two-year period to repay USD 537 million it owes to ONGC Videsh Ltd.
Oct 11, 2016 at 14:10 | Source: Reuters
Sechin said he doubted that some OPEC countries, such as Iran, Saudi Arabia and Venezuela would cut their output either, saying that an increase in oil prices above USD50 per barrel would make shale oil projects in the United States profitable.
Oct 04, 2016 at 08:31 | Source: Reuters
Iran and Venezuela are both members of the Organization of the Petroleum Exporting Countries (OPEC) which agreed at an informal meeting in Algeria last week on modest oil output cuts in the first such deal since 2008.
Sep 20, 2016 at 14:00 | Source: Moneycontrol.com
Tata Steel, ONGC, Cipla, Maruti and Lupin were top gainers while Adani Ports, Hero MotoCorp, Bajaj Auto, Bharti and BHEL were losers in the Sensex.
Sep 20, 2016 at 10:32 | Source: PTI
The commodity plunged last week on supply glut worries but bounced slightly yesterday after OPEC member Venezuela said a deal to limit output was close. Unrest in key producers Libya and Nigeria also raised the prospect their exports would be hit.
Sep 20, 2016 at 08:03 | Source: Reuters
Global oil supply of 94 million barrels per day needs to fall by about a tenth if it is to match consumption, Venezuela's Oil Minister Eulogio Del Pino said on Monday.
Sep 19, 2016 at 14:23 | Source: CNBC
The pan-European Euro Stoxx 600 Index was higher on Monday with all sectors and bourses in positive territory. Oil markets were in focus with prices rising overnight after Venezuela said that OPEC and non-OPEC countries were close to reaching an output stabilizing deal, Reuters reported.
Sep 19, 2016 at 09:00 | Source: PTI
OVL owns 40 percent of the San Cristobal field and had invested about USD 190 million in the project in 2008.