ONGC Videsh Limited declines Venezuela's offer for additional stake in oilfield

"Cash-strapped PDVSA hasn't been able to pay our dues and the additional stake may be used to settle the dues. We don't think that is what we want. We want our dues to be cleared first," the official, who wished not to be identified, said.

from Industry-Economic Times https://ift.tt/2wVm3PI