Comments
Oil India Ltd (OIL) is exiting Project License-61 in Russia, but a decision has not been taken on whether to exit the shale asset in the US.
“OIL has initiated the sale process of Project License-61 in Russia. The performance of the asset has not been as expected,” Minister for Petroleum and Natural Gas, Dharmendra Pradhan, said in response to a query on the same in the Rajya Sabha.
“No decision has been taken on OIL’s asset in the US,” Pradhan added.
Pradhan also said OIL had called back its executives from Venezuela because there was a significant reduction in project activities due to security reasons. He said one OIL executive has now been deputed back to Venezuela.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.