Venezuela agrees to supply oil to India in lieu of pending dividend, says Petroleum Secy
By Vishu AdhanaNew Delhi [India], January 3 (ANI): Venezuela has agreed to supply crude oil to ONGC Videsh Ltd (OVL) in lieu of the pending dividend, Secretary Petroleum Pankaj Jain said.
"They have agreed to give us some oil in lieu of its pending OVL dues. We are waiting for lifting dates," the Petroleum Secretary said.
This comes after the US eased sanctions on Venezuela's oil sector in October. The sanctions were impo