America has taken military action on Venezuela and arrested President Nicolas Maduro and now the rule there has come into the hands of America. Trump has made it clear that until there is stability there, America will run Caracas. America’s action on Venezuela has created an atmosphere of tension across the world, but India can benefit from this action.

India can directly benefit from America’s control and restructuring of Venezuela’s oil storage area. This is not what we say, but experts and people associated with the industry. Experts said that due to this whole incident, India’s dues of about one billion dollars can be recovered. Also, the production of crude oil from oil fields operated by Indian institutions may increase.

India was the major importer of crude oil from Venezuela.

India was once a major importer of Venezuelan crude oil. He used to import more than four lakh barrels of crude oil from Venezuela. However, this process was hampered due to US sanctions in 2020.

India’s major oil company ONGC Videsh Limited jointly operates the entire San Cristobal oil field in Venezuela. Access to essential technology, equipment and services was disrupted due to US sanctions. This had an impact on production.

India has not yet received its share payment

The Venezuelan government has not yet paid the US$536 million dividend due by 2014 on OVL’s 40 percent stake in the project. Almost the same amount is outstanding for the subsequent period also, but settlement of these claims is pending due to lack of permission for audit.

According to experts, if America takes control of the oil reserves there, then the restrictions can be relaxed. After this, OVL can increase production by sending rigs and other equipment from Gujarat and other areas. At present this production has reduced to only 5,000 to 10,000 barrels per day.

Experts said, oil production can increase in this way

Officials estimate that if advanced equipment and additional oil wells are used, production could increase to 80,000 to 100,000 barrels per day. The rigs required for this are already available with ONGC. US control also means that Venezuelan exports to the global market can resume quickly, which will help OVL recover its past dues. OVL had earlier sought exemption from sanctions under a special license from the US Treasury Department’s Office of Foreign Assets Control (OFAC).

Nikhil Dubey, senior research expert at Kepler, said that with the relaxation of sanctions, trade flows can be restored rapidly and Venezuelan crude oil can again reach Indian refineries. Indian refineries like Reliance Industries, Nayara Energy, Indian Oil and HPCL-Mittal Energy have advanced capacity to process heavy crude. According to analysts, the return of Venezuelan oil will stabilize prices in the global market and importing countries like India will get strategic benefits.

India’s big energy company Reliance Industries (RIL) has been accused of stealing gas from ONGC, which is worth about $1.55 billion. Bombay High Court has issued a notice in this case and is considering directing the CBI to conduct a complete investigation. According to the petition, from 2004 to 2013-14, RIL drilled in the KG-D6 block in such a way that gas moved sideways from ONGC’s Northern Block to RIL’s block. The estimated loss is ₹13,000–14,000 crore, plus interest of $174.9 million. Petitioners want criminal charges of theft, fraud and breach of trust to be imposed on RIL and its directors. RIL says that gas is naturally migratory and this is not a new criminal case, but an old civil-arbitration dispute. Energy consultancy D&M also said that gas extraction had taken place, but there is disagreement on the legal interpretation. The court notice does not decide whether RIL is guilty. This is just the initial step—the Court is asking: – Should the CBI conduct a full investigation? – Should FIR be registered? – Should contracts and drilling data be seized? If CBI investigation starts, it can become a big precedent for Corporate India. Market sentiment, RIL shares and policy-making may also be affected.

ONGC Recruitment 2025: There is a big good news for the candidates preparing for government jobs. Oil and Natural Gas Corporation Limited i.e. ONGC has released bumper vacancy for apprentice posts. In this recruitment, candidates are to be selected on a total of 2623 different seats. The most important thing is that there will be no interview and the candidates will be selected on the basis of their previous exam marks and education qualification.

This is a great opportunity for those who dream of doing apprenticeship in this public sector oil and natural gas company. To apply for this, candidates can visit the official website of ONGC and fill the forms. In such a situation, let us know what is the age limit and criteria to apply for it?

How many seats were vacant?

The application forms of this ONGC apprentice have been out on 16th October. Candidates can apply till 6th November. Let us tell you that there is recruitment for many posts. Out of total 2623 posts, vacancies have been released for 165 seats in Northern Region, 569 in Mumbai, 856 in Western Region, 458 in Eastern Region, 322 in Southern Region, and 253 seats in Central Region. Besides, selected candidates will also be given stipend during this apprenticeship.

What is eligibility?

The minimum age to apply for this Government Apprentice is 18 years and maximum age limit is 24 years. This age limit is set differently according to the category. Apart from this, if we talk about education qualification, then for this one should have passed class 10 and 12 from any recognized board. Also, the candidate should have ITI certificate in related trade. To apply for some seats, it is necessary to have degrees like BA, B.Tech, B.com, B.sc and B.BA. In such a situation, ONGC is giving good opportunities to the candidates of every education section.

How can I apply?

1. First of all you have to go to the official website of ONGC ongcindia.com.
2. Then go to the career section on the homepage and click on apply now.
3. Then after registering on the site, you have to fill the application form.
4. Fill all the details correctly and submit the form.
5. Finally, take out a copy of its printout and keep it.

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ONGC has issued the notification of Apprenticeship Recruitment 2025 for the youth across the country. Under this recruitment, candidates will be selected on a total of 2623 posts. Interested candidates can apply by visiting the official website of ONGC apprenticeshipindia.gov.in till 6 November 2025.

ONGC has fixed the last date of application as 6 November 2025. Therefore, the candidates who want to take training as apprenticeship in this government undertaking should fill the form as soon as possible. The application process will be completely online and no form will be accepted offline.

This is an important letter

The age of the candidate applying for apprenticeship should be minimum 18 years and maximum 24 years as on 6 November 2025. That means the candidate should not be born before 6 November 2001 and after 6 November 2007. Reservation category candidates will be given age relaxation as per government rules. SC and ST category will get 5 years relaxation, OBC category will get 3 years relaxation and disabled candidates will get 10 years relaxation.

Talking about qualification, the candidate should have passed class 10th and 12th from a recognized board. Along with this, the candidate should have ITI certificate in the relevant trade. At the same time, degrees like BE, B.Tech, B.Com, B.Sc or BBA will also be accepted for some posts. That means this recruitment of ONGC is open for youth with different educational backgrounds.

How much stipend will I get?

Candidates selected under ONGC Apprenticeship will be given a fixed stipend every month. The amount of this stipend will depend on the qualification of the candidate. Candidates who will be selected as Graduate Apprentice will get approximately Rs 12,300 per month. Three-year diploma pass candidates will be given a stipend of around Rs 10,900, while ITI pass candidates will be given a stipend between Rs 9,000 to Rs 10,500.

selection process

There will be no written examination or interview in this recruitment. Candidates will be selected on the basis of their educational qualification and marks obtained in the previous examination. That means, the better your marks are, the greater will be your chances of selection. This entire process will be done in a transparent manner.

application process

To apply, the candidate will have to visit the official website of ONGC, apprenticeshipindia.gov.in. Click on the link “Apply for ONGC Apprenticeship 2025” there. Now the candidate has to upload his personal information, educational details and required documents. After filling all the information correctly, submit the application form. After completion of the application, the candidate should take a printout of the form and save it.

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Oil and natural gas corporation: The US has now increased the baseline tariff of 25 percent imposed on India to 50 percent. This extra 25 percent has been applied as penalty for the purchase of oil from Russia. However, in the midst of all this, the government company Oil and Natural Gas Corporation (ONGC) said on Friday that it would continue to buy oil from Russia until they find it right to do so.

ONGC chairman Arun Kumar Singh says, there is no restriction on Russian oil yet. Till the government does not take any other decision, we will continue to buy. The company also said that if ONGC gets energy assets at the right price, it will consider acquiring them abroad as well.

ONGC’s 21 projects are running

The company’s two units- Hindustan Petroleum Corporation (HPCL) and Mangalore Refinery & Petrochemicals regularly buy oil from Russia for their refineries. Meanwhile, the company is also planning to increase its domestic production in the current financial year. Currently, 21 projects are running, the estimated cost of which is around Rs 66,000 crore. Of these, there are nine development projects and the rest are projects related to infrastructure.

The company is looking for investment opportunities

ONGC Foreign Managing Director Rajarshi Gupta also said earlier that the company is considering investing in LNG and upstream assets in America. He further stated that the company is looking for more greenfield and brownfield assets in many other countries including Latin America, Africa and West Asia.

Taking the name of Latin America and Africa, he said, “We are looking for appropriate assets in America. We have three projects in Russia, but we are also considering other geographical areas.” He said that these countries have immense possibilities due to being rich in minerals. He hopes that in the near future, crude oil prices will be within the range of about $ 60 per barrel.

Ukraine increased war increased from Russia

Let us know that both India and China are the biggest buyers of oil from Russia. Since the war in Russia and Ukraine, India has increased the import of crude oil from Russia. According to the data of the Ministry of Commerce, where about 1.3 percent of India’s total oil imports came from Russia in the year 2018. At the same time, it increased to about 35 percent in FY 2024-25.

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Oil reserve in India: Amidst Israel and Iran tension, the most fear is about crude oil prices at this time. Market experts believe that if the situation in West Asia is not under control, then the price of crude oil can also cross $ 150. Meanwhile, the news of India has a big oil reserves. However, it is still being excavated.

India currently imports about 85 percent of its needs from other countries. It includes countries from Russia to Gulf. After the US and Russia, India ranks at number three in the world in terms of oil imports.

Union minister’s big claim

Meanwhile, Union Petroleum and Natural Gas Minister Hardeep Singh Puri has made a big claim regarding the reserve of crude oil. If this claim is proved correct, then the dependence of oil on other countries of the world can be eliminated to a large extent. Hardeep Singh Puri, while talking exclusively with the Indian Express, said that India is on the verge of searching a big crude oil bhandal in Andaman Sagar.

He has compared this reserve in Andaman to the huge oil discovery made by Hays Corporation and CNOC in Gayana. Significantly, Gayana is currently at the 17th position in terms of the world’s crude oil reserves, where there is an estimated reserves of about 11.6 billion barrels and gas.

Economy will be 20 trillion

Puri says that if a discovery like Gayana is in India, the country’s economy can increase from $ 3.7 trillion to $ 2 trillion. Oil Bhandal’s discovery in Andaman for the Indian oil industry can prove to be a trump card. This will not only make India energy producing countries with energy imports, but India can also get a new identity on the global energy map.

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If you are interested in the stock market, then it is important to keep an eye on the OGC. Actually, Jefferies have retained the ‘BUY’ rating for ONGC and has kept the target price of Rs 375 per share. That is, there is a possibility of an increase of 52 percent from the current level.

The future of ONGC is fantastic!

Foreign brokerage firm Jefferies has made encouraging predictions about ONGC shares. The firm has fixed the target prize of Rs 375 per share by releasing the rating of ‘Buy’ (BUY) on the company’s stock. Experts believe that the company will benefit from improving gas and crude oil prices, which is expected to increase the company’s income (EPS) annually between FY25 and FY27 to 14 percent.

Let us tell you, OGC has targeted an annual increase of 10-12 percent in production between FY26 to FY30, the mainstay will increase production in Mumbai high area. The Jefferies report has given special emphasis that the BP company has a positive approach for ONGC to achieve 40 percent production increase in an area with similar geological structure in Rumella Oil Field of Iraq.

Why can ONGC shares fly?

Indeed, Jefferies believe that the improvement in oil and gas prices may lead to a tremendous bounce in the profits of ONGC. Apart from this, there may be an annual increase of 14 per cent in EPS (Earnings per Share) between FY25-27.

ONGC production growth plan

It is believed that Mumbai will give production boost to High ONGC. Actually, ONGC aims to achieve 10-12 percent compounded growth between FY26-30. Apart from this, by the middle of 2025, ONGC’s crude and gas production will see 5-6 percent annual growth. At the same time, British Petroleum (BP) has already achieved 40 percent production growth in Rumila Oil Field. BP has been included as the Technical Service Partner of ONGC, which can lead to a big bounce in production.

Why is BP’s success important for ONGC?

Actually, the Rumila Oil Field of Mumbai High and Iraq, both of them are geological. BP had increased the production capacity of Rumaila by 40 percent in 8 years. If the ONGC adopts this model in Mumbai High, then the total recovery rate can increase from 30 percent to 50 percent.

ONGC’s big advantage

ONGC hopes that by FY26, 20 percent of gas production will come under the new pricing system ($ 8.5/mmbu) and by FY30 100 % production will be at this rate. At the same time, the prices of base nomination field gas will increase by $ 0.25/mmbu every year, which will further strengthen the company’s profit.

Big profits in crude business too

According to the report, the ONGC is assuming that the windfall tax will not be levied until the price of crude is below $ 100/BBL. This will make it easier for foreign companies to invest. In addition, the new deal in Ayana Power of ONGC points to its expansion in solar energy and green energy. The ONGC aims to achieve 14 % equity returns on investment (IRR), so that the company can get stable profit in the long term.

Will investing in ONGC be beneficial?

Jefferies say that the ONGC shares still have a lot of potential. If the company properly implements its production growth plan and gas-crude pricing reforms, then investors can get tremendous profits.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)