https://sputniknews.in/20230821/indian-ongc-gets-extension-for-exploring-vietnamese-oil-block-3725446.html
Indian ONGC Gets Extension For Exploring Vietnamese Oil Block
Indian ONGC Gets Extension For Exploring Vietnamese Oil Block
Sputnik India
The Vietnam government has extended the tenure of ONGC Videsh's oil exploration activities in "Block 128" located in the South China Sea region by three years, the company said on X, formerly Twitter.
2023-08-21T19:09+0530
2023-08-21T19:09+0530
2023-08-21T20:40+0530
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The Vietnam government has extended the tenure of ONGC Videsh's oil exploration activities in "Block 128" located in the South China Sea region by three years, the company said on microblogging site X, formerly Twitter.This is the eighth time when Hanoi has widened the timeframe of the Indian oil exploration firm's activities in the contested waters of the South China Sea (SCS).Several nations, including China, Vietnam, Brunei, Malaysia, and the Philippines have competing territorial claims in the South China Sea.In the past, India's mission to discover oil deposits in the SCS region has not gone down well with China with Beijing claiming the sea route in its entirety.Notably, "Block 128" falls within China's "nine-dash line", which is a set of stripes printed on historical maps that spell out Beijing's claims over the SCS.
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Indian ONGC Gets Extension For Exploring Vietnamese Oil Block
19:09 21.08.2023 (Updated: 20:40 21.08.2023) The overseas arm of India's top crude explorer, Oil and Natural Gas Corporation (ONGC), called ONGC Videsh, has been involved in finding deposits of Black Gold around the world.
The Vietnam government has extended the tenure of ONGC Videsh's oil exploration activities in "Block 128" located in the South China Sea region by three years, the company said on microblogging site X, formerly Twitter.
"India's strategic commitment stays strong as ONGC Videsh continues its exploration journey with its 8th extension till 15 June 2026," the state-run firm posted on the social media platform.
This is the eighth time when Hanoi has widened the timeframe of the Indian oil exploration firm's activities in the contested waters of the
South China Sea (SCS).
Several nations, including China, Vietnam, Brunei, Malaysia, and the Philippines have competing territorial claims in the South China Sea.
In the past, India's
mission to discover oil deposits in the SCS region has not gone down well with China with Beijing claiming the sea route in its entirety.
Notably, "Block 128" falls within China's "nine-dash line", which is a set of stripes printed on historical maps that spell out Beijing's claims over the SCS.
