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India says Venezuela to give some oil to ONGC Videsh in lieu of dividend
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Venezuela has agreed to give India's ONGC Videsh some oil in lieu of the company's pending dividend for a stake in a project in the South American nation, India's oil secretary said on Wednesday.
ONGC Videsh, the overseas investment arm of India's top explorer Oil and Natural Gas Corp, has $600 million of dividend pending for its 40% stake in the San Cristobal field in eastern Venezuela's Orinoco Heavy Oil belt.
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