Sudan wants ONGC Videsh to withdraw arbitration over oil payment dues
OVL, the foreign acquisition unit of Oil and Natural Gas Corp`s (ONGC), filed an arbitration claim earlier this year against the government of Sudan in a London court seeking to recover dues pending for years from a project hit by the breakaway of South Sudan in 2011.
Sudan wants India`s ONGC Videsh Ltd (OVL) to withdraw arbitration proceedings against the African nation. Image source: Reuters