Friday, August 30, 2024

OVL awaits US nod to resume Venezuelan operations, approval expected soon

The licence, once granted, will enable OVL to resume operations in the San Cristobal and Carabobo projects, where it holds a 49% stake in the former and 11% in the latter. The company has been seeking exemptions from US sanctions to not only restart operations but also to lift crude in lieu of stuck dividends worth $600 million.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/BVDbnFf

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