The Economic Times News

ONGC may receive $500 million of unpaid dividends if US lifts sanctions on Venezuelan oil

ONGC could unlock about US$500 million in unpaid dividends from its Venezuelan assets if US-led restructuring eases sanctions, Jefferies said. Recovery would bolster cash flows, balance sheet strength and investor sentiment, adding to robust profitability and valuation comfort, while reviving optionality from stalled Venezuelan projects.