OVL interested in gas/oil blocks in Tanzania

OVL has expressed interest in bidding in the fourth licensing round for seven offshore and one onshore oil/gas blocks in Tanzania

GN Bureau | September 27, 2013



ONGC Videsh Ltd (OVL) is slowly but surely foraying into foreign shores. OVL has expressed interest in bidding in the fourth licensing round for seven offshore and one onshore oil/gas blocks in Tanzania. The matter was discussed between minister of state for commerce and industry D. P Purandeswari and Tanzanian minister of industry and trade Abdallah in Dar-es-Salaam.

According to a news report in Business Line, the state representatives also discussed the various initiatives taken by India for setting up infrastructure projects in Tanzania including a 200-MW gas-based combined cycle power project, wind power project and the dry port project. India has also agreed to co-operate with Tanzania for rehabilitation and modernisation of the Tanzania Railway system.
 

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