ONGC Videsh Limited (OVL) is keen to participate in oil and gas exploration opportunities in Sri Lanka and is waiting for the island nation to unveil its roadmap and policy on developing the upstream petroleum industry, the company’s managing director Rajarshi Gupta told reporters on Wednesday.
OVL is the overseas investment arm of India’s state-owned Oil and Natural Gas Corporation. According to Gupta, a presence in oil and gas assets in Sri Lanka would gain from the synergies of the larger ONGC group, as the parent company has significant upstream assets and infrastructure in southern India.
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