OVL in talks with PDVSA for $500 million dividend payout in cash or oil

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
Read more at the source

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.