India has not withdrawn from Vietnamese oil block: Minister

New Delhi,Business/Economy, Sat, 18 Aug 2012 IANS

New Delhi, Aug 18 (IANS) India has not withdrawn from oil and gas exploration in a block in the South China Sea where China claims territorial rights over blocks originally allocated by Vietnamese oil company PetroVietnam, the government has said.

ONGC Videsh Limited (OVL) is engaged in exploration of block 128 in South China Sea, Minister of State for Petroleum and Natural Gas R.P.N. Singh told the Lok Sabha in a written reply earlier this week.

He said that block 128 and production block 6.1 fell under disputed zones.

State-run OVL had halted its exploration activities in block 128 last year after China issued a demarche stating that its permission must be sought for exploration in block 127 and 128. The company was planning to quit the project. However, Vietnam later extended its exploration contract with OVL.

The minister said OVL was associated with eight exploration blocks as an operator and seven blocks as non-operator under various production sharing contracts.

He also said that OVL had 10 oil and gas assets in eight countries and produced 8.753 million tonnes of oil and oil equivalent gas.

--Indo-Asian news Service

sog/srj/dg



Read More: China | South Delhi | South West Delhi | South Delhi Campus | New Delhi South Ext-ii | Charkhari State | Sarila State | Mahdaiya State | South Jhagrakhand Colly | State Bank Of Hyderabad | South Banjara Hills | State Bank Of India | A.c.company | China Nandigama | China Garlapadu | State Bank Of Mysore Colony | State Bank Colony | State Farm Colony | R.block | China Dhab

LATEST IMAGES
Yamuna River overflows the danger mark in Delhi Kavuru Sambasiva Rao takes charge as Minister of Textiles Mallikarjun Kharge takes charge as Union Minister for Railways Rita Menon MD ITPO announces International Security Expo from 26 September Pictorial book on Darbar Sahib presented to Delhi CM

7 ROB ATM MACHINE FILLED WITH CASH
June 18, 2013 at 8:35 PM
MORE...
Social bookmark this page



Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments: