ONGC Videsh in talks to unlock $500 million Venezuela dividends
ONGC Videsh may soon access $500 million in cash or oil dividends stuck in Venezuela, after initiating talks with authorities in the country amid US sanctions.
New Delhi, Sept.
2 -- After more than a decade of delays, ONGC Videsh Ltd (OVL) may soon be able to access $500 million in dividends stuck in Venezuela due to US sanctions, with the state-run company initiating talks with authorities in the Latin American country.
The two sides are currently discus…