OVL chasing foreign govts to clear its dues

OVL chasing foreign govts to clear its dues

FPJ BureauUpdated: Friday, May 31, 2019, 10:23 PM IST
article-image

New Delhi : From Venezuela to Sudan, ONGC Videsh Ltd, India’s flagship overseas oil investment firm, is chasing foreign governments to get its $712 million (over Rs 4,700 crore) of dues cleared.

 While Venezuela owns over USD 421 million in unpaid dividend on oil from San Cristobal project, Sudan is to pay OVL USD 192.31 million for oil it bought from its Greater Nile Oil Project and another USD 98.94 million in unpaid pipeline rent lease, official sources said.

RECENT STORIES

‘Tax Payers Are Meaningless Minorities': Only 0.5% Of Voters Pay Income Tax, Says Ashneer Grover

‘Tax Payers Are Meaningless Minorities': Only 0.5% Of Voters Pay Income Tax, Says Ashneer Grover

'Cease And Desist': RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Issuing...

'Cease And Desist': RBI Bars Kotak Mahindra Bank From Onboarding New Customers Via Online, Issuing...

Ultraviolette Launches F77 Mach 2 in India: Promises 323km Range at Rs 2.99 Lakh

Ultraviolette Launches F77 Mach 2 in India: Promises 323km Range at Rs 2.99 Lakh

LIC Issues Cautionary Notice Against Fraudulent Social Media Advertising; Shares Close Up By 0.70%

LIC Issues Cautionary Notice Against Fraudulent Social Media Advertising; Shares Close Up By 0.70%

US Tweaks Rules On Airline Fees And Refunds To Aid Customers

US Tweaks Rules On Airline Fees And Refunds To Aid Customers