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The Economic Times

Economy / The Economic Times

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ONGC's overseas arm set to revive Venezuela operations

ONGC Videsh Ltd (OVL) had acquired assets overseas as part of increasing the state-run oil producer's crude output. The move to revive OVL operations in what's described as the nation with the world's biggest oil reserves comes as the Venezuelan government opens its oil sector to greater foreign participation under a new legal framework.

16 Jun 2026 12:56 am