ONGC gets US licence to expand Venezuela operations, boost oil output
ONGC has successfully obtained approval from the US Treasury, allowing it to further extend its oil operations in Venezuela. The newly acquired license significantly reduces sanctions-related barriers, paving the way for increased investments and production capabilities. With this development, ONGC can explore new contracts and possibly take over projects from PDVSA.
We haven't written up this one. Times of India has the full story — the link below goes straight to it.
