Exclusive: Cash-strapped Venezuela offers India’s ONGC oil stake – sources

July 7, 2017 By Nidhi Verma and Alexandra Ulmer NEW DELHI/CARACAS (Reuters) – Cash-hungry Venezuela has offered Indian oil company ONGC Videsh an increased stake in an oil field, according to two sources close to the proposal, as the country seeks to shore up its bruised energy industry and strengthen ties with New Delhi. State oil firm Petroleos de Venezuela SA (PDVSA) has proposed selling a 9 percent stake in the San Cristobal field to ONGC Videsh (OVL), a subsidiary of India’s state-owned top explorer Oil and Natural Gas Corp…

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