Saturday , May 25 2019

Indian oil firm receives Lower Zakum shipment

NEW DELHI / WAM

A landmark agreement signed in February between the UAE and India expanding their bilateral energy relationship has started bearing fruit. India’s state-owned oil exploration company, ONGC Videsh Ltd (OVL) annou-nced receipt of the first tranche of equity oil cargo from Abu Dhabi’s Lower Zakum oilfield.
A shipload of Das blend crude oil has reached New Mangalore port, the company said in a statement. An agreement in February granted a 10% concession in the Lower Zakum field to an Indian consortium, led by OVL.

About Admin

Check Also

Oil rises as Opec, allies signal continued production cuts

Bloomberg Oil rose after Saudi Arabia and other Opec+ members signalled their intention to keep ...

Leave a Reply

Your email address will not be published. Required fields are marked *