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ONGC eyes bigger Venezuela oil push after US sanctions clearance, may take over PDVSA projects

Business 18 Aug 2026
ONGC eyes bigger Venezuela oil push after US sanctions clearance, may take over PDVSA projects

ONGC says sanctions-related constraints on its Venezuela projects have eased, allowing it to pursue fresh investment, new agreements and possible operatorship of oil blocks currently run by PDVSA.