2024-07-11 01:59:21 pm | Source: Reuters
India`s ONGC seeks US waiver to lift Venezuela oil, industry source says
India's Oil and Natural Gas Corp has sought a waiver from the U.S. Office of Foreign Assets Control to lift crude oil from Venezuela, an industry source said on Thursday.
ONGC is optimistic of winning an approval, the source said, declining to be named due to the sensitivity of the matter.
ONGC has been looking to recover $500 million in dividends pending since 2014 for its stake in Venezuelan projects and has also sought for oil instead of the money.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
The Nifty shredded 320 points to settle at 23,025 - ...
Daily Technical Outlook By Axis Securities Ltd
Daily Derivatives Report By Axis Securities Ltd
Daemyung Sono Group moves to acquire T'way Air
Nifty Retreats from 23,400 Resistance, Tests 23,000 ...
World at a critical inflection point, 2025 a year of...
Avenue Supermarts gains on opening new store in Amri...
Nifty opened with an upward gap and traded with extr...
HCL Technologies gains on launching new center in Hy...
South Korean battery firms make record investments a...
