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The Economic Times
The Economic Times
Business

ONGC eyes operatorship of two Venezuela oil blocks

ONGC Venezuela Oil Russia Geology United States

New Delhi: India's top explorer, Oil and Natural Gas ​Corp (ONGC), hopes to soon ​sign agreements with Venezuela to operate two oil ​blocks under the South American nation's new petroleum law, its finance chief said on Wednesday.

State-run ONGC, through its overseas investment arm ONGC Videsh, holds a ‌40% stake ⁠in ⁠the San Cristobal field and, along with other Indian companies, an 18% ​stake in the Carabobo-1 project.

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