ONGC seeks to acquire stakes in PDVSA and operates in Venezuelan oil fields.

The entities involved

• PDVSA →

  Venezuelan government-owned oil company

  • PDVSA, Venezuela's state oil company, signed a crude and gas agreement with Repsol to regain operational control of assets in Lake Maracaibo.Mon 04:49
  • The United States claims a 20 percent stake in Venezuelan oil reserves, which are managed by PDVSA.Sun 00:37
• Venezuela →

  Country in Latin America

  • The Organization of American States (OAS) is currently gathering to address and resolve political crises in several member states, including Haiti, Venezuela, Guatemala, and Nicaragua.Mon 13:11
  • Fundraising supports aid work in Venezuela.Mon 11:26

Related events

• Orlen sought to buy Venezuelan oil despite sanctions.Sep 17
• PDVSA, the Venezuelan oil company, has undergone a major restructuring under Hugo Chávez, relegating foreign oil firms to minority partnerships.Jul 25
• PDVSA operates within the Venezuelan state structure.Jun 18
• AEC is seeking upstream investment in Venezuela and deepening its strategic partnership with the country.Aug 7
• Individuals led a previous PNM government approach, highlighting structural interdependence between resources involving PDVSA and Trinidad and Tobago.Sep 9