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OAS: Negotiation should not be based on "power sharing" but on "redemocratization of the country".

Monday, July 10, 2017

Cash-strapped Venezuela offers India's ONGC oil stake


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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