ONGC eyes operatorship of two Venezuela oil blocks
· economictimes.indiatimes.com
ONGC plans to operate two Venezuelan oil blocks soon under new laws. The company regained its stake in Russia's Sakhalin-1 project last December. This restored stake increased the group's quarterly revenue contribution significantly. Venezuela offers additional incentives for operating fields with similar geology. ONGC expects positive developments and new agreements to be signed shortly.
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