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The crisis came to light after it was revealed state owned firm PDVSA has not made a single debt payments to India's top oil producer ONGC for six mon

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The crisis came to light after it was revealed state owned firm PDVSA has not made a single debt payments to India's top oil producer ONGC for six months.

It was previously using a Russian state-owned bank and another Indian energy company as intermediaries to make payments.

Since April PDVSA have not made a payment to ONGC which is also owed $540million in a backlog of dividends due to an investment the Indian firm made on an energy...

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