Investments in Venezuela face high risks: ONGC

State-run Oil & Natural Gas Corp (ONGC) has cautioned the government that India's projects of $2.5 billion in Venezuela face high "operational, fiscal and legal risks", highlighting the need to quickly sign a bilateral investment pact with the oil-rich country.  Venezuela has already attracted investment from Indian state firms, which are looking for more opportunities there, while Reliance Industries is interested in picking up an equity stake in an oilfield in the country. More...