# ONGC Seeks Venezuelan Oil Projects

- Place: San Cristobal, Venezuela (7.77, -72.25)
- Published: 2026-11-08T03:17:45.752Z · expires 2026-11-15T03:17:45.752Z
- Floors (The Arena): E11 Organizations, E10 Institutions, E12 States
- Page: https://emergencemachine.com/brief/95c
- AI-written summary of the sources below; check them.

ONGC negotiates to operate Venezuelan oilfields, seeking $500 million, per udaipurkiran.com.

The company aims to secure operatorship rights in two projects within three to six months, reports livemint.com.

ONGC's interest follows its use of Russian dues for Sakhalin operations, notes moneycontrol.com.

## Sources

- [ONGC Negotiates to Operate Venezuelan Oilfields, Seeks $500 Million](https://udaipurkiran.com/ongc-negotiates-to-operate-venezuelan-oilfields-seeks-500-million/) · udaipurkiran.com · 2026-11-07
- [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) · moneycontrol.com · 2026-11-06
- [ONGC Videsh’s eyes on two Venezuela oil projects; know what finance head Anupam Agarwal said on $500 mn dividend](https://www.livemint.com/companies/ongc-videsh-s-eyes-on-two-venezuela-oil-projects-know-what-finance-head-anupam-agarwal-said-on-500-mn-dividend-11794039002471.html) · livemint.com · 2026-11-07
- [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 Uses Russian Dues for Sakhalin, Seeks Venezuela Control](https://money.rediff.com/news/market/ongc-uses-russian-dues-for-sakhalin-seeks-venezuela-control/57652420261106) · money.rediff.com · 2026-11-06
- [OVL looks to operate 2 Venezuelan oil projects](https://timesofindia.indiatimes.com/business/india-business/ovl-looks-to-operate-2-venezuelan-oil-projects/articleshow/135624319.cms) · timesofindia.indiatimes.com · 2026-11-07