Oil firms in Venezuela to get Indian push

India will soon start pumping in more oil from the oil fields in Venezuela. This would be used further processing in upcoming refining projects in India. This was recently conveyed by Petroleum Minister Murli Deora after he had discussions with Venezuelan Vice Minister for Foreign Affairs Temir Porras Poncelon.
ONGC Videsh, Indian Oil Corp and Oil India Ltd have been recently awarded 40 per cent participating interest for the development of two oil blocks by the Venezuelan government.
OVL has a 40 per cent participating interest in another oil field that was awarded in April 2008. The overseas arm of India's flagship oil explorer is also carrying out reserve assessment of Junin Norte in the Orinoco belt ofVenezuela.

Source : Oil firms in Venezuela to get Indian push