ONGC gets US licence to resume full Venezuela operations
Summary
- The US has granted a licence to ONGC to resume full operations in Venezuela.
- This approval removes a significant hurdle for ONGC's Venezuelan investments.
- The move could pave the way for ONGC to expand production in Venezuela.
Key Facts
- · ONGC is a state-run explorer
- · US licence granted for ONGC to operate in Venezuela
- · Venezuela is a key investment location for ONGC
Why it matters
The development is significant for India's energy security and ONGC's global operations.
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