Venezuela’s PDVSA misses debt payments, used Russian bank to pay ONGC

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Venezuelan state oil-firm PDVSA has not made debt payments to India's top oil producer ONGC for six months, and has previously used a Russian state-owned bank and another Indian energy company as intermediaries to make payments, two sources familiar with the transactions

 PDVSA has made no payment since April on what was a $540 million backlog of dividends owed to ONGC.
SOURCE: THE HINDU

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