EnergyReader · 2026-08-06 02:43

India's ONGC Videsh Deepens Venezuela Exposure as San Cristobal Stake Set to Grow

By EnergyReader Newsroom · August 6, 2026

ONGC Videsh is positioning itself to expand beyond its current 40% stake in the San Cristobal oil field in Venezuela, a move that would deepen New Delhi's foothold in the Orinoco Belt just as Chevron prepares to push output there toward 375,000 barrels daily. The Indian state-run firm also holds, together with other Indian companies, an 18% interest in the Carabobo-1 heavy oil project.

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