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OVL says no to PDVSA
Sept. 10, 2018

OVL says no to PDVSA

Venezuela has not yet paid its past dues of USD 449 million, strategizing accordingly, ONGC Videsh Ltd (OVL) has overruled Latin American nation’s proposal for additional stake in an oilfield. OVL already holds 40% stakes in San Cristobal field and was offered 9% more by PDVSA last year. On November 4, 2016, two agreements were signed between OVL and PDVSA for the revival of the San Cristobal.

   Read More About : Contracts ONGC Videsh PDVSA UPSTREAM Venezuela
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