⛽ ONGC eyeing major Venezuela oil expansion
ONGC is looking at a bigger oil push in Venezuela following the clearance of US sanctions. The Indian energy giant could potentially take over projects currently managed by PDVSA in the nation. This strategic move is being watched closely by the international energy market. The plan aims to significantly boost India's crude oil reserves and energy security. Further details on the takeover negotiations are expected in the coming fiscal quarters.