ONGC Secures US Licence To Resume Full Venezuela Operations And Eyes Operatorship

State‑owned Oil and Natural Gas Corporation has secured a licence from the United States Treasury’s Office of Foreign Assets Control, enabling it to resume full operations in Venezuela after years of restricted activity due to sanctions.The approval removes a major obstacle for ONGC’s Venezuelan investments and opens the door for expanded production, new agreements, and potential operatorship of
State‑owned Oil and Natural Gas Corporation has secured a licence from the United States Treasury’s Office of Foreign Assets Control, enabling it to resume full operations in Venezuela after years of restricted activity due to sanctions.The approval removes a major obstacle for ONGC’s Venezuelan investments and opens the door for expanded production, new agreements, and potential operatorship of
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