ONGC Videsh is interested in oil and gas blocks in Sri Lanka

12 Oct 2023 , 12:36 PM

According to a corporate executive on Wednesday, Sri Lankan oil and gas blocks are of interest to India’s Oil and Natural Gas Corp.

Rajarshi Gupta, managing director of ONGC Videsh, told reporters at an industry event that the company was anticipating the release of the island nation’s oil and gas ‘roadmap.’

The state-run ONGC has a foreign investment division called ONGC Videsh.

According to Gupta, ONGC Videsh is willing to enter into agreements through both government-to-government negotiations and open bidding, depending on Sri Lanka’s as-yet-unannounced exploration policies.

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