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Expansion▲ Bullish for ONGC
BT Exclusive: ONGC Videsh to restart operations in Venezuela's San Cristobal oilfield soon
The brief
- ONGC Videsh agreed production and investment plans with Venezuelan authorities
- San Cristobal field revival could begin within 90-120 days of Venezuelan government approval
- A restart could lift ONGC’s overseas production and strengthen its oil-and-gas earnings outlook