India: ONGC to invest $500m in San Cristobal JV , deal likely soon

India: ONGC to invest $500m in San Cristobal JV , deal likely soon

Photo: Mint

Venezuela’s state oil company PDVSA is about to clinch a deal for Oil and Natural Gas Corp. Ltd (ONGC) to invest some $500 million (around Rs.3,400 crore) in their San Cristobal joint venture, the South American company’s president said on Tuesday.

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