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Reliance eyeing Petronas stake in Venezuela project

Reliance Industries is looking at buying Petronas' 11 per cent stake in Venezuela's $20 billion Carabobo-1 project, a company official said. RIL, which had in 2009 dropped out of the winning bid......

RIL in talks with PdVSA to produce heavy oil

Reliance Industries is in talks with Venezuela's PdVSA to produce heavy oil in the South American OPEC nation, PdVSA, executive director Fadi Kabboul said on Wednesday. Venezuela's state oil......

30 countries with highest proven oil reserves

Oil reserve is an essential yardstick for measuring a country's economic prosperity. And proven oil reserves are those that claim to have a reasonable certainty (normally at least 90 per cent......

Oil majors sign deal for Venezuelan oil field

Indian flagship overseas explorer ONGC Videsh Ltd and its partners have signed an agreement to develop a $20 billion oil project in Venezuela that will give energy-deficient India 3.6 million......

Govt clears ONGC's Venezuela investment

The government on Friday gave Oil and Natural Gas Corp and partners approval to invest $2.181 billion in a giant oilfield in Venezuela that will give energy deficient India 3.6 million tonnes a......

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