ONGC Expects Venezuelan Oil Operatorship Rights as Q2 Profit Surges

ONGC expects to secure operatorship rights for two Venezuelan oil projects within three to six months, according to finance head Anupam Agarwal.

The company reported a 57.3% year-on-year increase in standalone net profit to ₹15,488.64 crore for the September quarter.

ONGC shares closed 0.83% higher at ₹232 apiece on the BSE on Friday ahead of the Diwali Muhurat Trading session.