Economic TimesLean R·
ONGC to revive Venezuela oilfield
New Delhi: Oil and Natural Gas Corp (ONGC) plans to invest about $200 million to revive production at its San Cristobal oilfield in Venezuela, which has fallen to nearly a tenth of its peak output over the years due to US sanctions and poor management of the field by Venezuelan state oil company PDVSA, people familiar with the matter said.ONGC's overseas arm ONGC Videsh (OVL) has secured a US licence to operate the field and is close to finalising an investment plan with PDVSA, they said. PDVSA…
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