ONGC large positive news from its foreign partner is going to big dividends. According to Sources exclusive news PDVSA ONGC from its Venezuelan partner will receive a dividend of Rs 3700-4000 crore. In January, ONGC will first instalment of Rs 140 crore as dividend. Similarly, ONGC will get a dividend of Rs 140-150 per month.
The monthly dividend PDVSA ONGC will sell the oil. Is a joint venture between a subsidiary of ONGC, ONGC forign and PDVSA. ONGC and PDVSA San Cristobal oil field is developed. San Cristobal is a 40 percent stake in ONGC’s oil fields. PDVSA, Venezuela’s state-owned company.