ONGC exits Sudan’s oilfields

ONGC exits Sudan’s oilfields

ONGC exits Sudan’s oilfields

India’s Oil and Natural Gas Corp (ONGC) has exited from Sudan oilfields after the African nation refused to pay for oil it lifted from the fields.

ONGC Videsh Ltd (OVL), the overseas investment arm of the state-owned firm, as also its Chinese partner, CNPC and Malaysia’s Petronas have withdrawn from the block, a top company official said.

For more information, please see https://www.outlookindia.com/newsscroll/frustrated-with-nonpayment-of-dues-ongc-exits-from-sudan/1936739

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