Venezuelan state oil-firm PDVSA has not
made debt payments to India's top oil producer ONGC <ONGC.NS> for six
months, and has previously used a Russian state-owned bank and another Indian
energy company as intermediaries to make payments, two sources familiar with
the transactions said on Wednesday. ONGC Videsh, the overseas investment arm of
ONGC, confirmed that PDVSA had fallen behind on the payments, but declined to
give details on the delays. More…
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