Cash-hungry Venezuela has offered Indian
oil company ONGC Videsh an increased stake in an oil field, according to two
sources close to the proposal, as the country seeks to shore up its bruised
energy industry and strengthen ties with New Delhi. State oil firm Petroleos de
Venezuela SA (PDVSA) has proposed selling a 9 percent stake in the San
Cristobal field to ONGC Videsh (OVL), a subsidiary of India's state-owned top
explorer Oil and Natural Gas Corp (ONGC.NS), the sources said this week. More…
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