OVL in talks with PDVSA for $500 million dividend payout in cash or oil
· livemint.com
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
Venezuela, which has the world's largest oil reserve, has been under US sanctions since 2015. On 3 January 2026, the US captured President Nicolás Maduro and h...