The Daily Journal.- India’s state-owned Oil and Natural Gas Corporation (ONGC) obtained a license from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) to fully resume operations in Venezuela, a senior company executive told The Economic Times. According to the Indian newspaper, the U.S. authorization clears the way for ONGC to “increase production, […]
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The Daily Journal.- Venezuela’s oil industry showed conflicting signals in July: while production continued to expand slightly, crude exports fell sharply, according to OPEC’s monthly report and shipping data. Secondary sources cited by OPEC placed Venezuelan production at 1.117 million barrels per day (bpd) in July, just 13,000 bpd above June’s 1.104 million bpd. The […]
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The Daily Journal — Venezuela’s oil exports declined in July as demand from India weakened after the ceasefire in the conflict involving Iran allowed Middle Eastern crude cargoes stranded in the Persian Gulf to reach international markets, Bloomberg reported. July data tracked by Kpler Ltd. show that shipments of Venezuelan crude to India, one of […]
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The Daily Journal — As escalating conflicts in the Middle East severely disrupt crude oil flows through the Persian Gulf and the Red Sea, Indian refineries have begun testing Venezuelan crude as a strategic alternative to secure the country’s energy supply, according to a report published by ETEnergyworld.com. An increase in Houthi attacks on commercial […]
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The Daily Journal — India’s Ministry of External Affairs announced Friday the conclusion of Operation Dost (Operation Friendship), the humanitarian assistance mission the country deployed to Venezuela following the earthquakes that struck in June. Indian authorities reported that the field hospital established in Caracas carried out more than 8,000 medical procedures and laboratory tests, including […]
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The Daily Journal — After months of disruptions caused by the conflict between the United States and Iran, India restored normal oil import levels during June. Record shipments from Russia, along with increased supplies from Angola, Iran, Venezuela, Brazil, and the United Arab Emirates, helped offset logistical bottlenecks stemming from the closure of the Strait […]
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The Daily Journal — ONGC Videsh Ltd. (OVL), the overseas arm of India’s state-owned Oil and Natural Gas Corporation, is developing a strategic plan to resume its crude oil production activities in Venezuela. The company continues to move forward with the initiative even though the Venezuelan State still owes more than $900 million in overdue […]
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The Daily Journal — Venezuela’s acting president, Delcy Rodríguez, arrived at Istanbul International Airport on Sunday, June 7, after departing from the Republic of India. Officials confirmed that Turkish President Recep Tayyip Erdoğan formally invited her to visit the country, although authorities in Caracas had not announced the trip in advance. A high-level Turkish government […]
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As part of its international cooperation agenda, Acting President of the Bolivarian Republic of Venezuela, Delcy Rodríguez, met in India with business leaders and representatives of Gujarat’s private industrial sector to forge strategic partnerships in the food and energy sectors that would benefit both countries. Executives from Amul participated in the meeting. The company ranks […]
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The Daily Journal — During her official visit to India, Venezuela’s Acting President Delcy Rodríguez toured the facilities of the Jamnagar Refinery on Friday for a technical inspection after completing a series of high-level political meetings in the Indian capital. Rodríguez’s visit to the world’s largest refining complex forms part of the Venezuelan government’s strategy […]
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