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VERIFIEDET Finance·positive
ONGC gets US licence to resume full Venezuela operations, eyes operatorship
AI Summary
- ·ONGC has received a US Treasury license to resume full operations in Venezuela.
- ·This approval removes sanctions-related risks, allowing expanded production and new agreements.
- ·ONGC Videsh holds stakes in San Cristobal and Carabobo oil projects and expects to recover pending dividends.