November 4, 2026
Business

OVL in talks with PDVSA for $500 million dividend payout in cash or oil(Soban News)

ONGC Videsh may soon be able to access $500 million in dividends stuck in Venezuela due to US sanctions, with the state-run firm initiating talks with authorities in the Latin American nation. The development follows the US granting a general licence in July for the OVL partnerships in Venezuela

​ONGC Videsh may soon be able to access $500 million in dividends stuck in Venezuela due to US sanctions, with the state-run firm initiating talks with authorities in the Latin American nation. The development follows the US granting a general licence in July for the OVL partnerships in Venezuela by Soban News (international And National News)

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