Tax regime, friendly ties make Russia attractive for us: ONGC Videsh MD

In a Q&A, N K Verma dwells on OVL's roadmap, Vankor acquisition and global energy scenario

Despite low international crude oil prices, 2016-17 was a historic year for state-run ONGC Videsh Ltd (OVL) with the company recording its highest ever production. OVL managing director N K Verma speaks about the company’s future roadmap, high-profile Vankor acquisition and global energy scenario, in an exclusive interview with Shine Jacob and Jyoti Mukul.

1. Static production of OVL has been a cause of concern but there has been a jump in production in 2016-17. What was the reason for this?

We have added a significant element in our portfolio last year in the form of Vankorneft. We