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Corporate News

Venezuela Crisis Unlikely to Impact India’s Oil Supplies: Experts

  • January 5, 2026
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India’s economic ties with Venezuela are minimal, with bilateral trade amounting to $1.175 billion in 2023-24. India’s exports include mineral fuels, pharmaceutical products, and machinery, while imports consist mainly of mineral fuels and oils. Although ONGC Videsh Limited holds a 40% stake in the joint venture “PetroleraIndovenezolana SA,” India does not rely on Venezuela for […]

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Public Sector Unit News

Force Majeure Ends in Area 1 Mozambique LNG Project

  • November 14, 2025
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ONGC Videsh Limited, a subsidiary of ONGC, holds a 16% interest in Mozambique’s Area 1 concession via its subsidiaries. Total E&P Mozambique Area 1 Limitada, with a 26.5% participating interest, operates the Mozambique LNG project alongside other partners. I n May 2021, construction was suspended due to security issues in Cabo Delgado province, leading to […]

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