TODAY -
ONGC-Videsh going ahead with South China Sea exploration
nydailynews.com | IANS | April 24th 2012, 12:46 PM, Agartala
State-owned ONGC-Videsh will go ahead with the exploration of oil in the South China Sea despite China's objections, a top company official said here Tuesday.
"ONGC-Videsh was selected through an international bid to explore oil in South China Sea. There is nothing wrong with it," Oil and Natural Gas Corporation (ONGC) chairman and managing director (CMD) Sudhir Vasudeva told reporters.
The gas-based thermal power project, being commissioned at a cost of Rs.9,000 crore, will resolve the power crisis of Assam, Meghalaya, Manipur, Nagaland, Mizoram and Tripura states.
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* This Post is uploaded on April 24, 2012
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