Su­dan wants ONGC Videsh to with­draw ar­bi­tra­tion process

Governance Now - - ECOLOGY -

ASu­danese min­is­te­rial delegation re­cently paid a visit to the ongc

Videsh of­fice in delhi to dis­cuss key is­sues on out­stand­ing dues.

The delegation ap­prised ongc Videsh that the gov­ern­ment of Su­dan is com­mit­ted to mit­i­gate the is­sue of de­fault on pay­ment due to the lat­ter. The Su­danese gov­ern­ment is op­ti­mistic about the im­prove­ment in eco­nomic sit­u­a­tion, with the re­cent agree­ment it reached with the gov­ern­ment of South Su­dan on re­sump­tion of crude oil trans­porta­tion from South Su­dan ter­ri­tory through the Heg­lig-port Su­dan pipe­line. The delegation urged ongc Videsh to with­draw the ar­bi­tra­tion process in­sti­tuted against the Su­danese gov­ern­ment and ar­rive at a so­lu­tion.

ongc Videsh said a so­lu­tion would be found to clear the out­stand­ing dues. it said that, keeping the le­gal in­tri­ca­cies in view, the ar­bi­tra­tion process can con­tinue while both sides work to­gether on a suit­able mech­a­nism to re­solve out­stand­ing is­sues.

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