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Sudan offers OVL 3 more oil & gas blocks for exploration

Oil & Gas
February 1, 2016February 1, 2016
Sudan offers OVL 3 more oil & gas blocks for exploration
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Sudan has offered ONGC Videsh Ltd three more oil and gas blocks for exploration and production and invited Indian firms to set up a coastal refinery to boost fuel supplies to the African continent. The offer made by visiting Sudanese Oil Minister Mohamed Zayed Awad is part of the African nation´s efforts to seek greater energy engagements with India, to which it owes $240 million in oil dues. OVL already has a 25 per cent stake in Greater Nile Oil Project (GNOP) in Sudan that produces about 50,000 barrels of oil per day.

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