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ONGC Videsh secures U.S. government approval for Venezuelan oil and gas assets
18-Aug-2026, 04:08
Oil and Natural Gas Corporation Limited clarified that its subsidiary, ONGC Videsh Limited (OVL), received approval from the U.S. government in July 2026 for oil and gas operations in Venezuela, concerning its assets San Cristobal and Carabobo-1, and framework agreements are under discussion with stakeholders, though the operational or financial impact on the company cannot be determined at this stage.
Oil and Natural Gas Corporation Limited clarified that its subsidiary, ONGC Videsh Limited (OVL), received approval from the U.S. government in July 2026 for oil and gas operations in Venezuela, concerning its assets San Cristobal and Carabobo-1, and framework agreements are under discussion with stakeholders, though the operational or financial impact on the company cannot be determined at this stage.