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Indian, Chinese oil companies look to invest in Ecuador, minister says

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - Indian oil company ONGC Videsh is looking at buying a stake in oil fields in Ecuador and may also participate in an upcoming tender for the Intercampos blocks, Ecuador's oil minister Carlos Perez said on Wednesday."We will be signing a confidentiality agreement with them (ONGC Videsh) in the following weeks and we will provide them with information in new blocks," he said on the sidelines of the International Energy Forum."They are (also) interested in partnerships with companies to take a share in the current production in certain fields over there," Perez said.ONGC is ...

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First Published: Wed, April 11 2018. 19:39 IST