Tag: Oil Production

India’s state-owned OVL plans to resume oil operations in Venezuela despite hundreds of millions in unpaid dividends

Tatiana Da GamaLeave a Comment on India’s state-owned OVL plans to resume oil operations in Venezuela despite hundreds of millions in unpaid dividends

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 […]

Continue Reading

U.S. Embassy Reports Venezuelan Oil Exports Reach Highest Level in Seven Years

Tatiana Da GamaLeave a Comment on U.S. Embassy Reports Venezuelan Oil Exports Reach Highest Level in Seven Years

The Daily Journal — Venezuela’s oil exports have surged to 1.25 million barrels per day (bpd), marking the highest export volume the country has recorded in the past seven years. John Barrett, the U.S. diplomatic representative in Venezuela, disclosed the information in an official statement published on the U.S. Embassy’s X account in Caracas. According […]

Continue Reading