ONGC Videsh says it is eager to work with Sudan to find a solution to clear outstanding dues
GN Bureau | August 24, 2018
A Sudanese ministerial delegation recently paid a visit to ONGC Videsh office in New Delhi to discuss key issues on outstanding dues.
The delegation apprised the ONGC Videsh that the government of Sudan is making sincere efforts to mitigate the issue of default on payment dues to the latter. It was informed the Sudanese government is optimistic about the improvement in economic situation henceforth with the recent agreement it reached with the government of South Sudan on resumption of crude oil transportation from South Sudan territory through the Heglig-Port Sudan pipeline. The visiting delegation requested ONGC Videsh to withdraw the arbitration process instituted against the Sudanese government.
ONGC Videsh expressed its happiness for the positive response from Sudan and stated that the corporation is always ready to work with Sudan to find a workable solution to clear the outstanding dues. It was further informed by ONGC Videsh that keeping the legal intricacies in view, the arbitration process can continue while both sides work together on suitable mechanism of resolving the issues.
As sought by the delegation, ONGC Videsh agreed to depute a team of officials to Sudan for initiating techno-commercial discussions afresh so as to workout way forward for settlement of previous dues. The discussions with the Sudanese side are presently ongoing.
With Lockdown 4 ending Sunday, the home ministry has issued new guidelines to fight COVID-19 and for phased re-opening of areas outside the Containment Zones. The guidelines, issued based on extensive consultations held with states and UTs, will be effective from June 1 till June 30. The first phase of reo
When the whole world is fighting COVID-19, food and nutrition security has become a major issue. The pandemic has aggravated the existing food crisis in India, especially in rural and tribal regions. There has been less availability of fresh foods in most parts of the country, and the tribal community has
India is determined to “set an example” for the rest of the word in the post-pandemic economic revival, prime minister Narendra Modi has said, underling the need to become self-reliant. “There is also a widespread debate on how the economies of various countries, including
Close to 48 lakh migrant labourers have been able to reach home from the cities they were working in, as the Indian Railways have run a total of 3,543 “Sharmik Special” trains from May 1. Following the home ministry order regarding the movement by special trains of migrant worker
Before the novel coronavirus hit it, Mumbai about 10-12 lakh labourers from elsewhere had made it their home. The figure for the state of Maharashtra was another 18-20 lakh. As the pandemic spread and the Maximum City emerged as the worst-hit place in India, all economic activities came to an end, and with
For the rest of the world, it is not easy to understand China when it comes to politics or economics. Under pressure from the international community, it has accepted to open the country for a “comprehensive” probe into the origin of the deadly coronavirus. But it is not clear whether the Asian