ONGC exploring option to recoup $600 mn oil dividend

India’s ONGC Videsh said it is exploring options including allocation of oil by Venezuela’s state oil company PdVSA to repatriate its pending $600 million dividend for a stake in a project in the south American nation. Indian refiners have resumed purchase of Venezuelan oil following the easing of U.S. sanctions last year. ONGC Videsh (OVL),