OVL to participate in Block 8 in Sudan

New Delhi, Nov 6: ONGC Videsh Ltd,(OVL) state-run ONGC's overseas investment arm, today said it is in talks with Malaysia's Petronas to take 32 pc stake in block 8 in Sudan.

''We are in talks with Petronas to take 31-32 pc stake in Block 8 in Sudan'' ONGC Videsh Ltd Director R S Butola told reporters here.

The company will also join the Block B in which Total, Marathon Oil and Sudanese state-owned oil comapny is 31-32 per cent stake each, Sudan Energy Minister Awad Ahmad al-Jaz said.

The company is also operating in block 1, 2 and 4 and 5A in Sudan.

ONGC Videsh Ltd has a presence in 29 oil and gas projects spread over 15 countries and is spearheading India's quest for securing energy security through overseas equity oil.

UNI