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VERIFIEDET Finance·neutral
ONGC in talks to acquire PDVSA stakes in two Venezuela oilfields
AI Summary
- ·ONGC is in discussions with PDVSA to acquire stakes in the San Cristobal and Carabobo oilfields.
- ·The acquisition is contingent on ONGC obtaining a necessary US license to operate.
- ·ONGC seeks enhanced operational control and potential production increases.