# Oil Deal Talks Progress

- Place: San Cristobal, Venezuela (7.77, -72.25)
- Published: 2026-11-07T01:14:06.416Z · expires 2026-11-14T01:14:06.416Z
- Floors (The Arena): none
- Page: https://emergencemachine.com/brief/8ji
- AI-written summary of the sources below; check them.

ONGC expects to acquire operatorship rights in Venezuelan oil projects within three to six months, per The Hindu.

The Indian state-run company is also seeking recovery of $500 million in dues from Russia, which it says are tied to Sakhalin fund investments, Moneycontrol reports.

Meanwhile, a series of minor earthquakes struck near San Cristobal this week, including a magnitude 2.8 event on Tuesday morning, Volcanodiscovery notes.

## Sources

- [ONGC expects to acquire operatorship rights in Venezuelan oil projects in 3-6 months’ time](https://www.thehindu.com/business/Industry/ongc-expects-to-acquire-operatorship-rights-in-venezuelan-oil-projects-in-3-6-months-time/article71675482.ece) · thehindu.com · 2026-11-06
- [ONGC eyes operatorship of two Venezuela oil projects in six months, seeks recovery of $500 million dues](https://www.moneycontrol.com/news/india/ongc-eyes-operatorship-of-two-venezuela-oil-projects-in-six-months-seeks-recovery-of-500-million-dues-14073563.html/amp) · moneycontrol.com · 2026-11-06
- [ONGC uses stuck Russian dividend dues for Sakhalin fund, seeks operatorship of Venezuela oilfields](https://news.google.com/rss/articles/CBMihgJBVV95cUxOTnd0OFpOWEVaczdWbTdXSk5PUzEtU2VfYUpFdGFOWUFvaXYtTjR0U2FsUW9tVUdCZWFtWHRjTmVhSGpKMEk4ODBlWHR3S2dhQnBYYWZibEpDMFEtVjhhV1ZSUzFtRjZLbU5UVDBzQXBiVjZJaUxVYzExQTBzSmVqVzV5ejd3V3FKMlNSSGM5NmVQRE95NmlDUTZZOFlrLTlYd0FGOTZaaWlBVkFyMC1NXzQtbk85MkQza05WV0FzNUV6TU8ycG90MDBtMGttc1I0UV9iM3hoU2pBeGdLazZ1a1hDSkRVbTE0T09IQWpad0JiMnc1eTVubzhNVEZrSndoQy10aWVR?oc=5) · m.economictimes.com · 2026-11-06