(LiveMint)
Indian energy company ONGC Videsh will bid in an upcoming auction to explore and develop gas fields off the coast of Lebanon, India’s oil minister said on Monday.
ONGC Videsh, the overseas investment arm of India’s top explorer Oil and Natural Gas Corp., is among several companies prequalified to bid for offshore exploration and production licences from the Middle Eastern nation.
Indian oil minister Dharmendra Pradhan, leading a delegation at the World Petroleum Congress in Istanbul, made the comment in a Tweet after meeting with Lebanese energy and water minister Cesar Abou Khalil.
“The meeting was important in the context of ONGC Videsh’s participation in the upcoming bid round for offshore gas fields in Lebanon,” Pradhan said.
